GA
GBPAUD Load the long CannonsGBPAUD has been struggling to break below the Support, With Large divergence forming on the H4 timeframe and structure being formed and respected I am bias to seeing a long impulse coming.
I see either of the two scenarios:
Price Breaks through zone and retest to start its bullish run
it respects the zone and pulls back to give second entry into the trade to Form a Head n Shoulders Pattern
There is a possibility for the beginning of an uptrend in GASETHTechnical analysis:
. GAS/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01860000 to 0.01650000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01860000)
Ending of entry zone (0.01650000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02153000
TP2= @ 0.02503000
TP3= @ 0.02687000
TP4= @ 0.03208000
TP5= @ 0.03778000
TP6= @ 0.04347000
TP7= @ 0.05157000
TP8= @ 0.06190000
TP9= @ 0.07290000
TP10= @ 0.08360000
TP11=Free
GBPAUDAnalisis Tecnico:
Mensual:
- Rechazo de un nivel fuerte, 61,8%.
- Vela envolvente bajista.
Semanal:
- Rechazo triple de un nivel fuerte.
- Formacion de patron W
Diario:
- Rompimeinto de estructura de las velas.
- Dos velas de rechazo fuertes en un soporte semanal
4 Horas:
- Tendencia bajista, posible retroceso en camino, estar pendiente de scuando tomar la entrada a venta.
- velas de rechazo en soporte semanal.
1 Hora:
- Dos velas que rechazan el mercado, posible continuidad del retroceso, aun no es hora de vender.
15 minutos:
-doble techo y patron de velas, aun falta el mechazo de entrada, esperar al mechazo para entrar.