Price is currently on an uptrend momentum within a Daily ascending channel. Now it's at Monthly key level, as well as Weekly tops ascending Trendline. So I wanna wait for some price action reversal pattern to show up after rejecting this zone, before riding down until the Daily zone (pink box) there as first target, or maybe further, depending on price action...
AUDUSD Trade idea.
The 10 Months Descending trendline has been broken and reversal is likely imminent. I would wait for the price to come back to the broken descending trendline or Support at the shaded zone to place buy orders.
Target 1 is the nearest Monthly target for now. Most reversal meant to return to it's original point of move, so it's potentially a...
Previous trendline was violated. So this one is plan B. I would wait for Price Action at the shaded zone to see any reversal pattern OR continuation pattern, but somehow the climbers gotta rest right? lol
Current trend is still a strong BUY. Whichever side you are in, if you know your exit point and stop point, you're good.
It seems to me that GOLD is unable to break the Daily 200SMA (not shown above) and it's losing it's Bull momentum. It's gonna take a break probably to the recently broken Daily descending trendline which confluent with 61.8% Fibonacci retracement level before continuing the rally.
Next hurdle for climbing GBPJPY is near. Let's see if it breaks or reject. I would wait for reversal pattern in smaller timeframe at the Magenta line area.
Hello, this is my first published trade idea.
My thoughts on GBPAUD :
Price dropped massively after hitting a Monthly resistance (which confluent with Monthly Fibo 61.8), leaving a long shadow Pin Bar on the recent Monthly Candle.
I'm more on the sell side, but to verify that it needs to break the strong Weekly trendline as drawn above.
Yellow Line - Monthly...
