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GBP/AUDHello guys ! I'm posting this idea for the London session on tomorrow morning. On this chart we have two oportunities, a long one and a short one. First one, the short oportunity is from 1.95579, sell to first support at the 1.95053, at this price is also one key price of the fibbonaci when our pair was changed bias from long to short. After that, we have an other strong support, tested twice on 13 and 14 February. At 1.94328 he can also have a short oportunity, the target can be at the 1.93723. After testing those two support line, we can go on long, overall we can profit for 4 time on this pair, 2 longs and 2 shorts. We also have an uptrend on 1 H, 4h and Daily. But please keep in mind that for our long setup we must to have a reaction from the price. So one more time, we can go short from 1.95579 with TP at 1.95053 and SL at 1.95680 An other short from 1.94328 with price traget at 1.93723 and a SL at 1.94550 And our longs are from the 1.93723 to 1.94115 with a Sl at 1.93550 and the second long from 1.94428 to 1.94950. Please press the like button also a comment will help me as a motivation. Thanks and keep in profits ! Also in short term from now i want to start an investment group, free, a long term investment, just send me a messenge so i can invite you, thanks a lot !
by Andrei_C
AUD/USD 1hr MARK-UPThis was a mark up was on 9/30/19 - 10/3/19 I didn’t take any trades. I was simply practicing my analysis and see where i was heading with this. 4hr and the daily showed a confluence of the 61.8 and the 38.2 matching and where price continued to fail to the and make its way to the downside. With the overall view of the daily showing two pushes to the downside and the 4hr showing the same showed me that there could be a possibility for price to head and the same direction. With the daily showing a complete down trend and also doing my analysis on the daily and the 4hr. It made me believe that there will be a bearish trend continue to happen on the 1hr. the candles of the bulls where weakening while the bears where continuing to dominant them. It broke the HL sequence while it made new LL. With price at (.68012) Where the pull back is just 10.2 pips shy away from the fib 38.2 it still qualify in my rules for a pull back which gave us a continuation of the bearish trend and for price to keep going at the direction of the market. plus it hit a resistance level with the 38 as well. Looking forward Also with the resistance level and support level you can see a small Consolidation within a range. I was looking for the resistance level to be tested by price and to break out of Structure . If price come to test that level and respects it we would see the push continue within the box, breaking the previous low which at (.66875) which was at support and break the trend line and retest it and fail down to the downside before turning over to the opposite direction which is bullish. So allowing the price to finish box 2 projection before tuning over. I use news as a references, i don't trade with the news. But the FED cuts and the employment rate cuts in Australia also had a impact on the market as well for it to continue it in a bearish market.
by UnknownUnicorn891995