potential long setup on pound aussie.
on a weekly chart the market is approaching a strong support level.
on a daily we see a classic inside bar formation.
I will be waiting for a close above the mother candle to open a long position.
Initial target - 1.850
Second target - 1.885
Stop - 1.807
long gbpnzd following confirmed bullish violation of a neckline of a head and shoulders pattern
+ clear RSI divergence and engulfing candle on the daily.
T1 -1.9325
T2 - 1.943
confirmed bullish breakout of a falling channel.
for us, buying the retest of the broken resistance is a perfect entry.
Initial target is bit below 1.270
Second target - 1.276
strong bullish momentum on audusd pair this Monday.
I will be looking for a pullback around 0.698 structure resistance level.
this level matches perfectly with structure on the left and completion point of ABCD pattern.
This is a DEMO Position, based on my Crypto Trading System.
DISCLAIMER
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies! The Trading Signal of my Crypto Trading System is not a financial advice, there is no guarantee that...
This is a DEMO Position, based on my Crypto Trading System.
DISCLAIMER
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies! The Trading Signal of my Crypto Trading System is not a financial advice, there is no guarantee that...
AUDJPY looks heavily oversold with clear rsi divergence.
we have a completed head and shoulders pattern on 4h chart.
if bulls break a neckline, we have a high chance to see a pullback to higher levels.
