Following trend structure. Simple break and retest of structure.
My analysis for the next 48/72 hours. A break below and retest of 1.33000 will indicate a continuation to the downside, and so, I will be looking at short trades from here down to 1.32000. Second plan will be to look at the exhaustion phase (retracement) of the push phase of the market to complete. Therefore looking at price to break above 1.33600 and retest 50%...
Looking for price to close and stay above 1.35000 psychological level. Looking for buy opportunities along with PA only if price stays above 135. Simple break and retest of structures and trend lines. First target 1.36000. Trade idea is invalid if price falls below 1.34650. My own analysis for educational purposes and not financial advice.
Retest of major structural low. Failed to make a HH. Respecting price above with wick rejections. SL to BE @ 153.500 depending on PA
GBP/AUD Short, Double top. Respecting structure. Failing to break above. 1/3 RR. BE @ 1.8329 (20 pips). Trail stop @ 1/2. Manage risk.
Following bearish structure. 1/3 RR. LL LH Aud/USD looking for strength on dollar.
Trend trade. Bearish entry. Triple top. Failing to break above. Wick rejections. BE @ 1.35530
Clear uptrend channel with HH & HL. If PA holds @ 1.2435 support we could see it continue up. 50 pip target range . Trend trade Bullish. Psychological number @1.25000. BE @ 1.2470
Price action is key around these areas. Looking for retest of 1735 or break & retest of structural level below to indicate pressure to the downside. Overall short Bias
GBPUSD LONG SETUP AIMING FOR 30 PIPS. TWO POSITIONS POTENTIALLY A THIRD FOR A SWING OF 200+ PIPS
MULTIFRAME ANALYSIS 3 MINUTE, 5 MINUTE, 15 MINUTE AND 6 HOUR CHART SETUP.