From our last Publish GBPAUD moved 100pips as it approaches a resistance area, looking for the rejection of the zone for a pull back to the 38% 50% or 61% area before we continue to the upside.
This is a lower perspective of GBPAUD with clearer view of the barrier Triangle.
There is a 5 wave Diagonal, with a 15min Barrier Triangle at its end. Strong rejection to the fibs zone of completion. Leave your comments and thoughts, all feedback is greatly welcomed.
Looking at price to reject the major zone and swing to the downside completing an ABCD 1to 1 wave.
Retest to major level with rejection and bearish divergence .
USDJPY POTENTIAL TO PUSH TO ONE HOUR ZONE TO TEST. WHAT HAPPENS AFTER CAN GIVE HINT TO DIRECTION.
AFTER FAILURE FOR LAST TRADE SELL STILL LOOKS GREAT
FOLLOW PREVIOUS CHATING. SHORTING OPPORTUNE
As seen before price entered a wedge and fell with strong momentum to the down side. Price has once again entered wedge as it approaches the critical point break out point. For myself would like to see price do a proper retracement of the market. How ever if the bearish movement is strong the market can fall even more and that why i recommend waiting for...
Price pushed out of channel and finding support on zone. 1-2 wave had a retracement of 61.8% Signals point for a shift to happen from a primary trend of a down ward market to an up ward. More confirmation is still needed for this idea to hold true.
LOOK FOR THE COMPLETION OF A BULLISH FLAG AND PRICE TO RETEST THE PREVIOUS SUPPORT ZONE.
TAKE A LOOK AT CHART.
LOOKING FOR THE COMPLETION OF THE HEAD AND SHOULDERS. IN THE SHORT TERM A SELL IS MOST LIKELY, HOWEVER AT AROUND 130.404 WAS PREVIOUSLY RESISTANCE. THEREFORE LOOKING AT THAT AREA TO HOLD UP PRICE AND THE BULLISH TREND TO TAKE HOLD.
ONCE LEVEL IS RESPECTED BULLISH MOVE IS EXPCTED
Looking for price to pay respect to 1 hour zone, not only giving us the "C" Level of the harmonic but a double top to give clear confirmation to a bearish move.
As xabcd was formed price gave a 100% test of PRZ( potential reversal zone). now awaiting for bearish confirmation.