About meMy name is Mauritz Joubert and I am one of the proud founders of Elemental Markets, Profitable Institutional Trading where we follow the banks and institutional trading.
High probable buy setups coming early in the week on GBP/AUD. We might dip a little bit lower before the next impulse to the upside. Previous analysis playing out so far and I am sticking to the buy plan.
Before looking for entries I would wait for a lower timeframe change of character and to confluence with the higher TF structure.
Extremely bullish on XRP as we tapped the daily extreme Order Block. We also have a bearish trend going into the order block that is begging to get broken!
XRP is very cheap and very undervalued at this stage, expect big moves to the upside in the coming month or two.
GBP/AUD is very bullish, however, we are approaching a very valid supply zone and might get a nice selling opportunity.
If we pull into the Sell Zone before the Buy zone I will be looking for Sells and vice versa.
GBP/AUD has turned Bullish again for day traders and we can see some fresh opportunities arise! There are 2 sell zones marked, one aggressive and one conservative. The aggressive zone might be violated before the bullish move so always looks for structure breaks on the lower TF like 5min to confirm entries.
So we took entries in the Conservative sell zone and it is going great so far. Locked in some profits @ 50pip mark and now looking for 100pips final target.
So GBP/AUD gave a perfect reaction in our Aggressive Sell Zone from the previous analysis. We are still very bearish on GA because of the fact that the Conservative Sell Zone has not been tapped yet.
Overall GBP/AUD is very Bearish for day trading and we are looking for sell zones only. This Analysis should give a clear perspective of what we are looking for in the next 2 days.
