I do not have a setup or an entry but overall hypothesis is short. Here is why; - The monthly is bearish since it has formed a lower low setup. - The monthly also broke a supportive handle at 1.89500. Using the fib, we know that overall targets are at 1.8565. - No weekly bias - Price on the daily and 4h timeframe is looking for a region where it will collect...
-Price previously sold off and found support at the 1.85 QP level -On the weekly TF, price closed as an indecision candle/morning star candlestick pattern, hinting that price was ready to began a bullish push. -On the daily TF, price formed a double bottom, then made a bullish push before reaching a resistance/supply zone. - I am anticipating price to make another...
Share your idea in the comment section of this pair and let's debate Good Week, Michel_FRX DISCLAIMER: 1. Be aware this is not financial advice so trade carefully and have stop loss for sure 2. Past performance is not indicative of future results.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.82728). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.82728). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which...
Currently, GBP/AUD is trading at 1.8184. The pair is consolidating after rebounding from its resistance level. The pair may start a new down trend if it breaks the support level and neck line at 1.8174, It is possible that the pair may consolidate further for some time. If the pair starts a new down trend after breaking the support level and neck line , then its...