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Dailyanalysis

GBP/AUD: Higher Low in this market structure explainedGreat Britain Pound/Australian Dollar make a downtrend market structure in H4 timeframe with chance to short GBP/AUD in this trade For that, I will show you one of the Forex secret strategy to take in note, because into this consolidation in H4 timeframe. I see that the price make Higher Low in this structure, and also for reference the EMA 200 it's a good driven to hope a best place to look, becuase as the price it's make resistance in the EMA 200 descending the price, I see a possible opportunity to short GBP/AUD. Meanwhile, in Daily timeframe we see that the price look descending in the price action analysis. We see that we could to look a good short position So guys, i will place a sell order limit to $1.7683 AUD and SL to $1.7760 AUD (76 pips) and take profit at $1.7347 AUD (337 pips). Also to take in note, the UK news bring us bad expectative to short GBP about the fundamental analysis hand to hand with the technical analysis here in Sterling Pound I hope that this idea support you Good luck!!!
Short
by harisonhbn9718
2
Does Bitcoin bullish movement start?Here is another Elliot wave analyze on Bitcoin on daily timeframe In my opinion we have a contracting diagonal and currently at almost end of wave 4. as you may know most of Elliot wave analyzer suggest trade only on wave 5 because it has higher probability to win and get a huge profit. So I am taking a long position from here. also the invalidation of this position is so close(39940),it means I am taking very less risk. please also attention to Contracting Diagonal rules, which are "wave 4 can not be bigger than wave 2 and wave 5 can not be bigger than wave 3" in all conditions. if any of these rules break , then this is not contracting Diagonal anymore. all this means 51719 is not a target, but price can go up to 51719. same for 39930. thanks for your likes. please follow to notify for new analyses and updates
Long
by daadras
5