Supply Demand Technical Analysis

Discussion in 'FOREX and CFD forecasts (metals, shares, futures)' started by Tengkorakfx, Dec 27, 2018.

  1. Tengkorakfx

    Tengkorakfx Active Member

    GBPUSD is starting a downtrend, look forward to these areas for the trend continuation later on. Better confirmation when the trendline broke after hitting one of the areas.

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  2. Tengkorakfx

    Tengkorakfx Active Member

    The next is AUDUSD where the price is confirming a downtrend with two trendlines broken. Now just wait for a retracement before going down further.

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  3. Tengkorakfx

    Tengkorakfx Active Member

    The same goes for NZDUSD where we just look forward to selling. No trendline formed means that we have to wait a bit longer for the retracement.

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  4. Tengkorakfx

    Tengkorakfx Active Member

    Didn't expect Gold would retrace last Monday. But congratulations to those who took the sell on the supply area. The initial TP is already hit.

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