Fundamental case:
Overvalued AUD against Australian equities.
BJ's lockdown extension caused short term selling and I predict GBP will continue up.
Sentiment/PA:
Key level for this pair; just as we're seeing on many other pairs, there's an order block (in yellow) controlling the next wave of direction - this level is holding the selling since 1.9500.
Still a seller's market and a big challenge for a buy case.
Technicals:
Market is rejecting 1.9000, with a small double bottom. Market is neutral at best until price is above demand.
Entry criteria:
A rejection of support.
Make sure to follow my ideas. Follow me on twitter @thecolour_red and instagram @madebyforex. - Happy trading.
Overvalued AUD against Australian equities.
BJ's lockdown extension caused short term selling and I predict GBP will continue up.
Sentiment/PA:
Key level for this pair; just as we're seeing on many other pairs, there's an order block (in yellow) controlling the next wave of direction - this level is holding the selling since 1.9500.
Still a seller's market and a big challenge for a buy case.
Technicals:
Market is rejecting 1.9000, with a small double bottom. Market is neutral at best until price is above demand.
Entry criteria:
A rejection of support.
Make sure to follow my ideas. Follow me on twitter @thecolour_red and instagram @madebyforex. - Happy trading.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.