We can see that price is currently in an uptrend, heading to 1.0980: a key level, 0.618 of the latest weekly swing down, and completion point for an AB=CD pattern. Looking for a daily candle signal at this zone to enter any shorts, riding the wave up until then.
Previous trade failed but I'm still bearish on this pair.
My shorts taken based on my previous idea.
huge abcd in the works on daily chart, but why not short the downmove? looking for fib/break+retest retracements, price action confirms it so this is not an exact setup.
As to yet I'm still overall bullish on usd
Trump may spark further bullishness on usd, so I'm lookin for good places to buy it. This is my view on GBPUSD in light of the fundamentals.
This pair might break out of uptrend, in which case I'll watch for short opportunities around the recent and multi-day key zones.
Looking to short this pair at given price. Didn't take the initial ABCD trade as we price was in uptrend, but recent price action suggests sellers coming in. And what better place to short than at a resistance?
Gold showing signs of rejection from supply level, shorted as further dollar strenght is in sight.
EURGBP may form a double bottom at a high probability confluence area. A recent support level, 0.382 and MA200 line up with RSI divergence. looking for a higher low and h4 reversal confirmation before entering.
Several fib levels and a long term key zone align in the 0.7230-ish area. Looking to short after a H4 confirmation candle. Thight stop-loss, high reward.
Expecting SXP500 to break small trendline, then retest resistance at the confluence zone.
I missed the initial bounce, but I think a clean break of 1.61 would be a good opportunity to catch some pips.
I expect AU to bounce from the small resistance zone only to get rejected off the demand zone around 0.7606, shooting at the TL and triggering my entry. Obviously closing before NFP if it's not closed by then. If price breaks current resistance then entry is invalid. 1% SL: 0.75945 TP: 0.7667
Ascending wedge after a 5 wave trend. What do you think of my analysis or the outcome? D1 price action is rather influenced by macroeconomics, which I'm not as familiar with as I should be. This is the reason why I mostly stick to the smaller ones. On the technical side, I'm expecting a breakout to the downside, but what do you think about the fundamental outlook?