Currently GBPAUD is having a minor downward movement for few weeks already. Im taking the opportunity to sell at 1.84395 and taking profit at a maximum of TP3 (1.82950) before focusing on long mode. This setup will not valid if price break TP2 before taking my Entry. Be Aware that, major trend is bullish.
A big opportunity for long is coming with this week closing candle. Daily candlesticks are still in the bullish trendline. If it happens to break TP1, the next area this coin can go would be at TP2.
XTZ on uptrend structure. With a resistant level being broken (engulf), now we can look for continuation on this Coin. Long order should be made on Demand zone (source of engulf).
Downtrend channel has been broken with a significant move. This creates a demand zone for buy position.
A divergent sell was made in this particular timeframe. It was then followed by a significant down move, thus breaking the nearest support level. This gave us a signal that sell mode is active. Sell order can be made at the previous Supply Zone.
The New Supply Zone could be a potential reentry sell. No buy position will be taken. Just wait for the market to either retrace to our supply zone or pushing lower into our second TP (follow my previous analysis on this pair).
There is a clear downward channel in this pair, so I am looking for sell at the origin candle (blue rectangle) of the dominant candle. First TP would be at demand zone and the 2nd one is at the support line
I am looking through an uptrend channel and expecting a day or two for pullback to previous support (fibo level 1.618 and 1). My TP would be at the Big Round Number (BRN). Any order at the support level should have confluence with minor timeframe.
A possible Head and Shoulder pattern is in the making. I am short on this pair until the previous Support