Sphinx_Trading

Sphinx_Trading Nov 2, 2021

GBP/AUD was in downtrend for the last few week and today we have clear a breakout from the channel and also from the last zone area. We also have new high after breakout and price already retest on both zone area and downtrend line, So we see that there's an opportunity to put a long setup to catch at least 300 pips

Sphinx_Trading Nov 1, 2021

Here we can see double top pattern very clear on the daily charts and price in the last week of October already broke very strong support area nearly at 1.16000. After breakout we have a clear retest on the downtrend line & zone area, And maybe we have a head and shoulders pattern after retest, It's not a clear pattern but after seeing a new low after the head is...

Sphinx_Trading Updated  Oct 29, 2021

We have a clear breakout from the downtrend line and also from the zone area, price after these 2 breakouts in an exhausted movement, Double top pattern formed in the charts. So we think it is a good opportunity in the beginning on November to short it to the breakout point nearly at 0.70800.

Sphinx_Trading Oct 29, 2021

Here we can see after a long pullish trend price started making lower highs and lower lows also we have a perfect head and shoulders pattern, So we can see a short opportunity exactly at the swing point between trendline and zone area.

Sphinx_Trading Oct 28, 2021

Here is a new idea on EUR/AUD to catch 600, We think that price may start to build a new uptrend after making a triple bottom pattern also we have a breakout from the last downtrend trendline. It's a clear breakout from this swing point trendline and zone area, So we can wait for a retest for another confirmation back to 1.54750 then we can put a long setup.

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Sphinx_Trading Oct 28, 2021

This is an educational content that will give you some ideas and also teach why and how to enter a trade with pure price action Make sure you watch the price action closely in each analysis. Note: This analysis is not an investment advice it will only give you some ideas on the charts.

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Sphinx_Trading Oct 28, 2021

This is an educational content that will give you some ideas and also teach why and how to enter a trade with pure price action Make sure you watch the price action closely in each analysis. Note: This analysis is not an investment advice it will only give you some ideas on the charts.

Sphinx_Trading Updated  Oct 28, 2021

We see that price made triple bottom and price in a descending upper trendline but also we can observe weakness in bearish while we predicted strong pull down to break the the pattern, so we can here place a trade and predict the bullish to reach the previous higher high at least.