allan_mwenja2000

allan_mwenja2000

Here is why: - I believe that US30 is due for a very strong uptrend in the near future. However, orders are not enough to take the pair to all time highs. - Hence, we saw the rush of downward momentum. - There is a bearish setup on the 4 hour timeframe and the targets are 40,583 - I am currently looking to sell the pair, but I have to wait for more confluence. -...

allan_mwenja2000

Here is why: - The 3 month is definitely showing signs of bullish momentum, but it is a large timeframe to base intraday trades off of. - The daily is showing signs of bullish momentum. First, the previous higher high was broken and the next targets are 1. 9600. - However, orders were not enough to take price to its next target. Hence, we saw price on Wednesday...

allan_mwenja2000

Here is why: - Price broke all time highs, therefore there is evidence of price going higher - The monthly, weekly and daily candlestick closures are showing evidence that price is definitely going higher. - On the 4 hour timeframe I can see that price has reached a major level of resistance. However, there is no convincing rejection, indicating that price is...

allan_mwenja2000

Here is why; Weekly Price broke beneath 40,000 resistance level and price has not retested that level. We see that there is a lot of bullish momentum that has been picked up from 38,500 due to last week's candlestick closure Everything is pointing towards price going to test 40,000 Daily We see that price too a lot of buy orders from 38,500. ...

allan_mwenja2000

Here is why; Weekly; Price went below 40,000 and never retested the region. Hence, a retest is due. Daily; There is a bullish formation of a higher high that has been formed in the last 3 days. The target for the daily timeframe is 39,750. 4 Hour; This is the time zone I am looking for my entry level. For now, I believe that the best place...

allan_mwenja2000

I believe that GBPAUD is due for sells today. Here is why; Ever since hitting the 2.0000 psychological level, we see that price has rejected the area with a lot of sell orders. There has been a lower low formed on the daily timeframe, which indicates price will go lower for the foreseeable future. Moreover, there is a lower low formed on the 4h timeframe...

allan_mwenja2000

I believe that GBPAUD might go higher today, but there are no signs of it going either direction at the time of posting this. I will sit on my hands and wait for a comprehensive setup.

allan_mwenja2000

Here is why; Daily Price broke below the region of 39100. There have been two retests. This is as of Tuesday and Wednesday Wednesday's candlestick engulfed Tuesday's candlestick to the downside. The next noticeable zone 38,500 but I expect price to go even lower. 4 hour Price has formed a massive 3 pin pattern formation which has broken below...

allan_mwenja2000

I believe that the pair is neutral even though in the long term I am looking to buy. Reasons I am looking to buy in the long term. The 3 month and the monthly timeframe have broken above the previous notable high. This indicates that price is due to go upwards and that this massive retracement is so that price can go back and collect orders from a certain...

allan_mwenja2000

I believe that there is no clear cut setup for US30 at the moment. A daily closure would give the best signal for what it is going to happen. However, I believe that price will go upwards long term. Here is why; - Price broke below 40,000 which is a massive weekly region with a lot of bearish momentum. - Price has not retested 40,000 and I believe we will see a...

allan_mwenja2000

I believe that I should sit on my hands this morning Here is why; We saw a lot of bearish momentum yesterday. Price has lost its bearish momentum so far However, price is trapped between the daily regions of 38,500 and 39,125.

allan_mwenja2000

Here is why; Monthly; Price broke a major monthly region at 1.9970 and in the process has formed a higher high which shows that price is bullish. The long term monthly targets, I believe are 2.0375 However, that is not important for intraday trades Weekly; Price broke a major region at 1.9500 and it is yet to retest that region. I believe that...

allan_mwenja2000 Updated 

Hello traders, here is why I believe GBPAUD is due for longs; Monthly There is a bullish setup and the next major region on the timeframe is 1.9835 Weekly Nothing worth noting Daily Bullish setup formed in the last 2 days 4 hour There is a bullish setup since there are so many levels of liquidity that have been broken. My...

allan_mwenja2000

Hello traders, I believe that US30 is due for some buy orders to be filled. Here's why; On the weekly timeframe, price broke below a major liquidity region at 40,000 and has not retested the region. Price might collect orders at 39,215 before it retests 40,000 On the daily timeframe, there is an M formation. There are a lot of orders that have been filled...

allan_mwenja2000

Here is why; - Price has broken major weekly and daily regions without retracing. - Today price is at a major daily level at 1.9275 - Price has tested that region then it seems to have broken below a major 4H level at 1.9255. - The next major liquidity area is at 1.9220

allan_mwenja2000

Here is why; - Yesterday we saw massive bullish momentum and price is now in a new all time high - There are no new levels to work with hence I believe that I will have to wait to see what price will do before I act on anything

allan_mwenja2000

Hello traders, I believe that there is potential upside for the pair and here is why: Monthly, Weekly and Daily Price broke all time highs last week, and therefore, for now it seems that there is infinite potential to the upside for the pair. 4 hour Price has formed a bullish pattern (higher high). Using the fib tool, the -27.2 target has not...

allan_mwenja2000

Hello traders, Overall thesis long term for GBPAUD is short. However, price on the 4h timeframe has been forming higher highs indicating that price is going to collect orders t 1.9060 which is my target.