Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
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Price is facing bullish pressure from our first support in line with our 61.8% fibonacci retracement, horizontal pullback support and 127.2% fibonacci extension where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
I believe price is attempting a lower high to stay in line with the current daily downtrend. A pinbar has formed at the top of the most recent pullback, leading me to believe a downside push could be in the wings. Price has also created an ascending wedge that would need to broken to further confirm a downside push.
Selling at market price for Asian session as the Austrailian Dollar is getting very bullish right now
If there is a break to the downside out of the current range, Point D may be a good target from a short perspective. Then a possible pullback to prior support before an additional drop.
Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Very bullish price action and pressure. 4 HOUR Bullish breakout above previous week highs, expecting a pullback now! DAILY We need a pullback price is way to strong now, clear breakout. Long holders jumping on...