A Golden Zone Fib Pullback to 50-38.2%. Very bullish momentum.

29 ott 2024

https://www.tradingview.com/x/E4xvzZyh/

The Pound is on fire lately with strength to the upside.

This is educational post to show where a buy order could be placed between 50-38.2 as low as possible.

Stops could be placed at swing low area 1,97.85 (tight)

29 ott 2024

Trade attivo

Long Trade GBP AUD. See narrative above and chart.

29 ott 2024

Trade attivo

GBPAUD is not overbought on important daily and weekly chart but on the 1,2,3,4HR charts its' some figure very close to 100% overbought.
Why it overstepped Fib zones and went lower, I think it took the stop loss.
This is bullish like the others but overbought intraday and price will probably chop about too much. Then continue upwards.

29 ott 2024

Trade attivo

Another Australian Dollar Trade from yesterday I took.
AUDUSD Short.
Oze rally looking tired and back in a bearish position from the daily 200ema.
Often a trade will not go the intended direction and will make a false break. That way its' easier to retrace price and stop-hunt occurs in a zone taking traders out of positions.
That is sorta what happened yesterday when I went Short, price made a bullish rally for quite a while but I could see that it was going to fizz out and turn back down. I removed my Stop, which is what I do. Today the trade 2 x I took Short are in the-money as price has turned around to continue the bearish trend.
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