Shorting on TL test & fail. Long on TL break & close/retest
EURGBP has reached an aggressive 2.72 fibs target/level. Both EU & GBP are weak but GBP is relatively stronger than EUR. EUR downtrend is expected as pattern completion has occured.
Shorting based on 1.618 extension level being hit. Wave 5/5 completion EUR weakness / confluence & 2 wave's down move expected.
Long if support test & fail Short if support break & retest
Waiting on price to break & retest outside the triangle
Short based on candle close, trendline/prz rejection (test & fail)
Waiting on GBPNZD to form a new low prior to taking any long positions. Current Trend = Bearish Price Action = Lower Highs and Higher Lows
If support holds buy. If test & fail short to lower level support
Shorting GBPAUD Pattern: Bearish Flag Price Action: Fibs: Heading towards 23.6 which is support Confluence: Fundamentals: Brexit Vote ? New PM ? CPI was 2.0% resulting in a small pop (short term) Market Cycles:
Shorting EURAUD due to bearish sentiment on EU + AUD strength.
-Both $0.25 7 $0.17 represent significant supply/demand zones as well as support/resistance. -Devaluation of XRP would allow institutions to purchase @ a discount then move price back to its long/short term bullish target. -Check if fibs aligns with trade logic. -Additionally BTC bullrun usually coincides with alt's decreased performance so if BTC experiences an...
- Current pattern appears to be a bullish flag on the 15min timeframe. - Entry @ bottom of channel ( pinbar ) coinciding with 61.8 fibs. - Exit @ 100fib level or $0.39/$0.60 (final target)
GBP has been in a strong downtrend all year. Broke a long lasting trend line at 18.35 which is just under 38.2 fibs level Price is testing 61.8 Fibs on Daily and 17.26 PRZ tested on Aug 18th 2018 & 4th Feb 2019 is a long standing support - major/minor ? 2:2 pattern would price go to 17.04 @ 78.6 Fibs