GBP/AUD: Power candle, I'm buying it!
Mis à jour
I am bullish on this pair. The reasons are the following:
- Price is above the daily pivot level
- Price is above the KUMO (cloud)
- Price is producing higher lows and higher highs
- Price bounced off the cloud as a trend continuation
- We have a power candle as highlighted in my chart.
So it seems at the moment buyers > sellers
Power candles are candles with thick bodies. Their closing should be located at the highs (if it's bullish) or at the lows (if it's bearish). We shouldn't see any kind of large wicks at the closing of these candles.
A power candle is also usually exceeding the range of the previous candles (highs-lows).
I am targeting the previous highs as T1 and the fib level as T2.
Trade with care and at your own risk
- Price is above the daily pivot level
- Price is above the KUMO (cloud)
- Price is producing higher lows and higher highs
- Price bounced off the cloud as a trend continuation
- We have a power candle as highlighted in my chart.
So it seems at the moment buyers > sellers
Power candles are candles with thick bodies. Their closing should be located at the highs (if it's bullish) or at the lows (if it's bearish). We shouldn't see any kind of large wicks at the closing of these candles.
A power candle is also usually exceeding the range of the previous candles (highs-lows).
I am targeting the previous highs as T1 and the fib level as T2.
Trade with care and at your own risk
Note
***UPDATE***AMAZING Power candle ! I am changing my targets to higher ones ! Check this out guys!
Note
Thanks to fib levels, I am targeting 1.81500 - 1.81600 levels Note
Still in this tradeNote
Currently inside this pattern. If it doesn't break it clearly, I will set my target to its top
Note
*** UPDATE *** Note
Trade fermée: cible de profit atteinte
Nice trade! 100+ pips
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.