Daily AO almost hit zero line (from BUY momentum to SELL momentum) , at this moment should be a small retracement in smaller 1TF or 4TF. Wait for a strong move down in small time frame(I will chose 1HR TF) then only sell it. I set my own plan base on AO/MACD and trend line analysis, a strong selling impulse is happened and I believe another sell leg is coming....
Daily indicator all downside, price is forming ABC, and current 1H time frame Bear Flag is forming and even breaking, I think bearish is on going now. Wait for a small consolidation to enter the trade. Cheers
Two possible situation to trade. I prefer another up to form a nice ABC pattern, before it drops to 1.272 or 1.414 area. Daily trend is breaks and heading to down, now in consolidation situation. For now i believe another up trend to form higher C leg before it heading down. Let see and have fun.
My point of view is one more leg down to complete ABC, then up again to 1.41 to 1.618 area
Continue from my last analysis for Silver, it may drop to around 30.1, possibility to 29.7.
Beautiful Trade for EURUSD, targeting 1.041 *Trade with a plan, and wait patiently*
Selling idea for GBPUSD, price may drop to 1.2665 area
I am selling GBPCAD because Daily AO/MACD 4C showing down side signal, and it also breaks one of my trendline. I think it is heading to 1.771 area. Confirmation to sell may below 1.785.
Based on my point of view, GBPJPY already hit my "Daily main point", should be retraced back to neutral. Follow Daily AO (indicator), it shows AO block is slowing back to zero line and I think it is best time to sell it. But keep an eye on the other direction, It may run fast for one more up trend before it drop. Let play safe.
I think there is two options to chose now, for those not selling yet, wait for it to break the low, then look for small time frame consolidation then only sell. It is possible one more up to complete the third leg up, then only down. However, I will stick for sell because the AO/MACD indicator all are red in color (selling signal). Trade with patient, waiting...
I will aim for first target first. Waiting confirmation to sell it.
For my analysis, 2 possible way to sell GBPAUD. Beware of the red box, and see the price action to manage the entry level
May one more up to 1.618 then move down Waiting Confirmation 1. Break through the red box 2. MACD4C goes below 0 line (negative bar) 3. MACD EMA goes below 0 line 4. AO negative bar
Price may move up to 1.414 area then down Reason 1.4HR MACD4C struggling at zero line 2.MACD moving to positive and signal line still positive at4HR timeframe 3. Daily Timeframe MACD positive, AO and MACD4C bar moving up OR Continue Down trend if break 1.934 Reason 1. 4HR MACD4C and AO divergent 2. MACD signal near to zero and may return to negative 3. Daily...
Reason 1. Daily AO, MACD4C and MACD all moving back to zero line, so the daily bar still have room to drop 2. 4HR MACD signal and histogram below zero line, moving down signal Confirmation to SELL 1. Waiting 15m and 1HR MACD signal to sell
4HR indicator buying signal, but now waiting a complete break out bar before entering the trade
4HR One leg to short to complete abc, then BUY and targeting 36,25
Dailly MACD4C still high momentum (up trend), but 4HR MACD4C is recovery to zero line, price may back to tunnel , around 1.372 area. Then see the price action to move up above 1.3976 area. Possible? =P