H1 - Bullish trend pattern Currently it looks like a pullback is happening Until the two strong support zones hold my short term view remains bullish here.
H1 - Bullish trend pattern. Currently it looks like a pullback is happening. No opposite signs. Until the two strong support zones hold my short term view remains bullish here.
H1 - Higher highs. No opposite signs. Currently it looks like a pullback is happening. Until the two strong support zones hold my short term view remains bullish here.
Price got pushed up from 1.59478 support last month and has no re-entered the rectangle pattern on the daily chart . Looks like the price wants to retest the lower support of the pattern i.e. 1.71801 before it goes all the way up to 1.78057 !! I'll take a Limit order placed at 1.71801 with 1.78057 being my final Target !!
GBPAUD has reached our major support cluster after forming a double top. I now anticipate GBPAUD to complet the double top paattern with a restest of the neckline and return to its bearish movement confirrming the double top signal. We aree taking the retracement as a signal and buying GBPAUD to take profit on the neckline.
There was a good wedge for GBPAUD to trade and I took profit of it, now I'm expecting new wave to break the resistance and create a new buy signal, don't enter the trade before the breakout. In the other scenario it can go down from here for another leg but i dont see any reason for that to happen. I will be bullish on this pair for long time. Hint: The London...
Bit late to this one unfortunately, was going to post about it yesterday but didn't. It has given up all its gains from last weeks spike and filled in most of the daily wick and is now turning back higher. MACD and EMA's have this pushing back up to resistance at 1.80235. From there wait to see if it can break above.
High Possibility of an emerging ascending triangle pattern. Plus, the crossed down and up LOWER Bollinger Band. The price is expected to oscillate within the triangle trend lines and then break out and start rising towards the SUPPLY ZONE.
Potential bullish move if current resistance level is broken.
GBPAUD showing great promise for a bullish move to the next indicated zone. This is a long term positional trade - low risk, high reward. Happy Profitable Monday to you All.
GBPAUD is staying in its long term trend-line which is also the 50% Fibo level (1.835 Level). RSI is also giving over sold signal. GBPAUD in next few days is expecting t gain some momentum to for a Pull up at 1.885 level. Signal: Bullish as the price is near the Higher Lows Zone of the pattern. Used Analytical Tools: a) Fibonacci b) Trend Line c) RSI
Longs from the box zone given, wait for 2 spinning tops or gojis to take an entry
Price did not break the important level 2.0. My scenario assumes a further breakthrough of this level to goal 2.3 - 2.4. I will buy only after the price fixes above level 2.0 Now a rollback is possible, and it is absolutely impossible to predict its size
As long as out Major Support isn't broken we're looking for a break of the Triangle to go upward
See chart for illustration. Follow up from earlier publication ( see link below)
See chart for illustration