Price broke past previous support of 0.54340 potentially headed back to the 2020 lower low support of 0.53004. My bias is bearish
AUDJPY is prepping for a drop of the week its been in consolidation since tuesday lets see how this closes at the 4 hour. If it close below the consolidation point. there is a potential sell.
On the 8 hour timeframe there was a bearish engulfing candle. My idea is that its bearish for the rest of the week for a 50% retracement.
On the 8 hour timeframe there was a bearish engulfing candle. My idea is that its bearish for the rest of the week for a 50% retracement.
Current Consolidation 1. My bias for the week is Bearish - Reasoning is due to rejection of the previous week highs. - Overall its in consolidation 2. Bearish pressure once the break to the lows.
Current Consolidation 1. My bias for the week is Bearish - Reasoning is due to rejection of the previous week highs. - Overall its in consolidation 2. Bearish pressure once the break to the lows.
This is a short in my opinion see arising in the market during NY session. I normally trade S/R boxes once it breaks in the direction of the overall trend that the way I go.
My bias is strong sell long term. Swing trade keep in mind this is on the weekly chart.
This is the setup i have for the rest of the week for GBPCHF
TRADING 3 HOUR SESSIONS YOU CAN CATCH BOTH MOVES. These hours are perfect for GBP crosses
I keep it simple trade the 12 candle, london breakout rule. Only trade 2-5 or 8-11 in and out
My breakdown for XAUUSD for the week 29th Nov week
This is my analysis on GBP/CHF ive been trading GV over 2 years now and usually on Wednesday it pumps above resistance then reverses back toward opening weekly prices at the end of the week. Just be careful there is news coming out. So looking Bullish at the moment no signs of reversal yet.
mainly looking for 20-40 pips every morning from tuesday to thursday i wait for tuesday to find the lower low or higher high depends if its bullish or bearish. this i ride the pair up with scalps to the resistance line. ENJOY
These are two trades i took today let me know how and what you think about my explanation and analysis for tomm
i have my chart for AUDUSD please give me some insight