AUDCAD SHORTRIGHT SHOULDER FORMING
IF NECKLINE IS BROKEN, EXTENDED TP WILL BE A MORE ACCURATE REALITY
Fxlifestyle
EURUSDHey guys I'm back again with another update. EURUSD has been confusing people lately, every one thinking the bears are finally here and the market is about to fall to the bulls coming back strong and driving the market back up. I believe that we are trading within a tight range provided by indicated trendlines on the chart. Once the channel breaks can we look for a long term move on the pair.
GBPJPY TO GO SHORT OR LONGEVEN THOUGH THE PAIR SHOWS BEARISH MOMENTUM FOR THE DAILY AND WEEKLY CLOSE CANDLE. IT HAS STRONG SUPPORT WHICH CAN REVERSE THE MOMENTUM.
GBPCAD TO GO BEARISH.LOOKING FOR THIS PAIR TO GO SHORT. THE PAIR IS BEARISH ON BOTH DAILY AND WEEKLY LAST CANDLE AND I HOPE IT CONTINUE IT'S BEARISH MOMEMTUM.
Follow the Market and be patient!Price may go both ways. Weekly chart shows a nice bullish bounce off a supporting range zone from about 2 years now. Now price is mainly being rejected off the 38.2 Fib from the long downtrend on the daily chart, which a rejection off 38.2 FIB tends to be the strongest in continuation of a trend so I may be entertaining going short instead of long. Whichever way the market goes we will follow. Major pips coming soon!
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t.me
FXLifestyle - Trade Your Future
Trendline Frenzy & Much More.....its an Art!!So our last analysis on AUD/USD about 3 weeks ago with the Inverse Head & Shoulders to complete Wave 4 caught us 130 Pips. Now we have multiple confluence to enter short for the completion of Wave 5. BUT HOLD ON A SECOND!!!..... We are waiting for bearish confirmation off the retest of 2x Top Neckline and RSI bounce to the downside off 50.0000 on market open Sunday-Monday.
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t.me
FXLifestyle - Trade Your Future
Strong resistance level + Under 200 EMAPrice broke through a Daily Supporting Trendline and retested it in confluence with a previous Supply Zone! 148.000
Price is being rejected off the 4 Hour Resistance trendline and has as well broke through a supporting trendline.
Hidden bearish divergence and RSI bouncing off the 50 RSI.
TP1 145.500
TP2 145.500
TP3 144.000
TP4 143.500
TP5 143.000
FXLifestyle - Trade Your Future
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t.me
K.I.S.SWeekly: Price broke through support Trend line
Daily: Bullish Divergence-RSI making higher lows, Respecting Demand zone @ 0.75000 & Support Trend line, Inverse Head & Shoulder off completed 3rd wave of extended 5th wave & Lower Band
4 Hour:Bullish Engulfing candle bouncing off 38.2 Fib
TP1: 0.76000 @ (Daily) 38.2 FIB aligned with (4Hour) -0.27 FIB
Price will most likely retest broken weekly support trend line before heading back down to complete extended 5th wave. Will be looking for a short set up around TP level as well.
FXLifestyle - Trade Your Future
