As we can see AUDUSD is approaching to a very strong monthly resistance zone . So how to approach this situation? Simply if we can see that price going bearish on 4hr timeframe we can take an short postion . And we can expect to price to fall till Tp1 and Tp2 (consider taking some of the profit on Tp1 and let the rest trades run) . Remember to be reactive not...
Here an update on GBP/USD current situation. So the gap is already filled as expected and now it's going to provide an beautiful selling opportunity. We have previous structural support now turned resistance (around1.34000) which is aligning perfectly with fibonacci golden zone (0.618 and 0.5) . Once that resistance zone got tested we can expect the market to go...
GBP/USD is currently in an bullish trend . It had been creating higher highs and higher lows . So what's next ? Simply we have to wait till it retrace to the previous high from 4 hr time frame perspective and we have confirmation of Fibonacci too . After that we can simply take a long with a very good risk to reward and possibly creating an higher high . I will...
So finally Bitcoin had broken 20000 mark ! According to me if you invested in Bitcoin earlier you can celebrate today but from trading perspective there is no trade right now unless and until it provide a retracement from a 4 hr time frame perspective . It is currently at 22000 mark and it is still going strong . We have to wait till retracement happens . I will...
As I mentioned in my previous analysis GBP/USD was close to provide an selling opportunity . And the analysis seems to be correct and NOW It Can Fall Till 180 Pips ! If TP 1 got smashed and then it still falls then hold the trade otherwise take your profit if the market make bullish structure . I will keep everyone updated so make sure to like and follow ☺️
Look at the manipulation done by big banks First they started selling so that people starts to sell in this market Then market came up hunting stop loss Now market possibly go to higher high for those who started selling this market earlier hunting stop loss again And then go down
Gbp/usd is currently in an upward trend . Wait for the market to retest the 1.34000 zone and then we can look for an potential longing opportunity with a very good risk to reward and high probability for an move to the upside
GBP/USD reaching an strong resistance area . If the market reaches the strong resistance level and show some bearish momentum on 4 hour chart then we can look a good selling opportunity with a good R:R and high probability for an bearish trend .