FOREX GBP AUD
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The Pound is hovering over 1.3900 after fading heavy momentum to the downside.
It remains to be seen whether the Dollar index continues to secure a firm grasp of the 92.000 handle, and for once it seems that US housing data won’t present too much of an impediment as existing home sales came in a tad above consensus, albeit slightly down from the prior month.
GBP/USD seems to have had some respite recently but whether or not it will continue to the upside remains unclear until a few more daily closures have passed.
Price again hits Daily OB after the impulsive move
Possible double top formed
target zone 21700-24300$
Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.
EURUSD
📌 Throughout Monday, the marketmaker balance level (4200.0) was successfully tested with a false breakdown.
Large participants stealthily gained buy positions, increasing the bulls' net outperformance by 8%.
The 25% increase in locked-in investor positions suggests the likelihood of asset price movement in the price channel during the new trading week.
📝 The main scenario for next week is a retest of the marketmaker's balance (4200.0) and subsequent rise to the hedge zone (4300.0).
In case of breakdown and fixation above the option price level at 4300.0 we expect continuation of long term growth with medium term target,- loss of market maker (4320.5).
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Personally I believe that BTC will experience a further downtrend to under 29k. 😔😭
This is not a signal for short position and all data is based my knowledge.
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