Condition1 : We wait for the retest at this level .
Condition 2: There is high probability that the market react this level.
IF THE TWO CONDTIONS ARE VERIFIED THE MARKET WILL BE BULISH TO 1.802
GBPAUD broke uptrendline
Pair is based below HVN at level 1.7930 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
It's expected target level 1.7800
GBPAUD formed a classic bearish flag pattern.
Wait for its bearish breakout (4H candle close below its support).
It will be a trigger for a bearish continuation.
In case of the breakout,
next support will be 1.787
GBPAUD broke downtrendline
Price is based above HVN at level 1.7905 which indicates that pair is in accumulation phase
Above SMA 100
RSI is above level 50
we r waiting price to exceed level 1.7965 with bullish movement to open long trade
It's expected to target resistance level at 1.8140
Prices are facing bullish pressure from our ascending trend line and support level , in line with our 61.8% retracement and 78.6% extension where we could see a bounce above this level . Ichiomku cloud and EMA are showing signs of bullish pressure as well.
4H- consolidation zone broke out one more time, approaching last week's high, upon retest, we can add second positions. 1.800 needs to break for further entries.
Price is still below the 1.8000 level and has respected the trendline creating lower highs. I can see price heading to 1.7750. If price breaks and retests 1.7750 the we can potentially see a bearish move to 1.7500
AUD, NZD & CAD:
The latest CFTC data for the CAD was surprisingly low with the most recent update, especially after the data included the price action following the BOC’s hawkish tilt. However, what was not reflected in the data has been made up in good measure in the price action we saw this past week as the CAD’s fundamental realities kicked into high gear and...
GBPAUD after the bounce over the support area at the 1.77500 moved with an impulse exactly at the 0.618 Fibonacci retracements where the market started an inversion.
According to Plancton's strategy if the market will break below the support we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red...
Price is facing bearish pressure as it continues to hold below the descending trendline resistance and Ichimoku cloud, in line with our bearish bias. Price could potentially reverse at 1st resistance, in line with 61.8% Fibonacci retracement, horizontal pullback resistance and descending trendline resistance, and further downside towards 1st support, in line with...
Prices are facing bearish pressure from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push down towards horizontal swing low support which is in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing...
