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08.12.202107:45 Forex Analysis & Reviews: Daily Video Analysis: GBPAUD H4, Strong Bullish Bounce Setup

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Today we take a look at GBPAUD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert of InstaForex
© 2007-2022
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Daily Video Analysis: XAUUSD, D1 Bearish Selling Opportunity
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GBPUSD Potential For Bullish Bounce | 17th May 2022
On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 1.23802 where the horizontal swing high resistance is to our 1st support at 1.21005 in line with the 61.80% Fibonacci projection. Alternatively, price may break 1st.
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NZDUSD Potential For Bearish Continuation | 17th May 2022
On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 0.63428 where the 23.6% Fibonacci retracement, 38.2% Fibonacci retracement and horizontal swing high resistance is to our 1st support at 0.62274 in line with the horizontal.
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