Evening Traders,
Today’s analysis – GBPAUD- breaking below Daily S/R, any pull backs into it is now considered bearish.
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Daily S/R Resistance (.50 Fibonacci)
- Valid Divergence
- Increasing Volume
GBPUSD’s immediate price action is impulsive under resistance; this allows us to have a...
Evening Traders,
Today’s analysis will be on BCHUSD, testing a key resistance (21 DEMA) in a defined down trend. This current trade location is in confluence with the POC, a breakdown will just be another lower high.
Points to consider,
- Trend bearish – Consecutive lower highs
- 21 DEMA, current resistance
- Local support at yearly lows
- RSI approaching...
