Last week AUDUSD failed to make a new Lower low and last Friday the market closed with a very strong pullback to the upside. Which made me think market can go more to the upside where i placed my potential sell area-1. If somehow market breaks above the resistance level then it could reach to my potential sell area-2. I am kind of bearish right now on AUDUSD...
USDJPY is moving upside creating higher highs and lows. Daily high was broken last week. My bias is upward unless it breaks structure of higher low. Target is at 112 area, a weekly global resistance. Leave out a comment if you liked this idea.
EURAUD was on a classical downtrend but the downtrend structure was broken when it broke the market structure, breaking above the Lower High. Currently price is consolidating above local support. The next upward impulse move will confirm about the uptrend. 1.6150 is a global resistance where we keep our target. Traders, I will be glad if you like this idea or have...
Currently the price is consolidating between supply-2 & demand area. In the chart i have pointed out the major supply & demand levels. My bias is still bearish because market is still making lower low and will continually drop unless it breaks the downtrend market structure. However, it can continue to consolidate unless it breaks out from the demand area and...
#GBPUSD Forecast Last Friday market made an upside move at minor resistance level 1.3850. My bias is still bearish because market is still making lower low and will continually drop unless it breaks the downtrend market structure. In the chart i have pointed out the major supply & demand levels. I am hoping market will still keep falling to the demand zone by...
We can see that the market previously pushed to the upside from 1.1700 area and stopped at 1.2260 and showed us a major fall. I have pointed out 1.2100 area as a major supply area because a lot of sell orders were initiated from here. I still believe with a nice price action and a structural break above 1.2000 area we can finally reach to our major supply aka...