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AUDCAD POTENTIAL SELLAUDCAD IS FOLLOWING STRUCTURE FOR THE ABC PATTERN MEANING WE COULD HAVE A SELL OFF.
FIBONACCI ALSO ALIGNS WITH THE SPECIAL POCKET OF 61.8 AND 71 LEVEL.
STOP LOSS OF 25 PIPS WITH A GAIN OF MINIMUM 75 PIPS,
2ND TARGET IS 110 PIPS AND LAST TARGET IS 140 PIPS
BARING IN MIND NFP ON FRIDAY WILL BE HUGE SO BE WEARY
Really all depends on BTC, doesn't it.So basically, we have a few scenarios. Mainly, watch BTC closely for a while. Everything is really based on the price of Bitcoin still. Infuriating. Anyways, Neo seems poised for greatness, however, there are a few larger channels we have been a part of much earlier. Blue is up - confirmed trends/channels. Orange is down - confirmed trends/channels. White is the general channel we have been stuck in for some time now. Price is likely to remain well within those ranges.
The current uptrend is pretty fun, but I'm not sure it will last. Price convergence on the channel intersections seems to play a role.
Not advice. Just a lonesome Crypt-Keeper.
Don't bet on me.
Gold Price Prediction!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Long Position OANDA:XAUUSD
Chart Time frame - 4 Hourly
Timeframe - Swing trade
Actions on -
A – Activating Event
Gold was able to push from a higher low @ the 1200 level. Over the next week will see the commodity rise to at least the 1235 level. We may see a small pull back from here before pushing further north
B – Beliefs
Trade will move to next support line @1235 level.
OANDA:XAUUSD
Follow your Trading plan, remained disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
GBPAUD DAILY - BEARISHThe GBPAUD pair has begun to exhaust: (Check 1 hour and 4 hour chart). There's also a head and shoulders formation on the 4 hour chart that gives my analysis more credibility.
A bearish trend will begin once 1.83987 is reached.
Short term take profit points:
TP 1: 1.839
TP 2: 1.83
TP 3: 1.825
TP 4: 1.82