DislikedHi Strat and senior PASR students, Could you please comment on my analysis especially the SR level? Any words is highly appreciated. The thick line is the SR from W1 and the thin line is the SR from D1. I doubt about myself a lots during the analysis. I did it on Saturday then came back on Sunday with fresh eyes. However, the improvement for me is that I took less time for weekly analysis now. I have 18 pairs. It took me 7 hours last week but only 6 hours this week. The GBP/AUD is the pair I have a firm idea. I also consult GBP/USD and AUD/USD for...Ignored
Here is my attempt to comment (also right after I think I learned something, so I could learnt something that is very wrong).
GBPAUD
BB
There is 3 things that convinced me that BB bullish power is not that strong.
1) The high of the Oct candle. It confluence with two monthly bounces on Apr2014 and Apr2016.
2) We are in the area where price wobbles in history.
3) If we take the concept of control candle and put it here, BEEB is actually in control right now. This does not means this pair is bearish, but to keep in mind that BEEB on May have not failed yet.
B
I agree. That is Strat Sahdow, static SR and WCC low confluence.
W
Some buyers did tries to protect BRN 1.8 I think. Whether it will be successful or not, I will wait for further PA. 200ema might help on supporting the price, all hell might break lose if it doesn't?
GBPUSD
BB - Agree.
B - Agree. Feel like B try to argue with BB but failed.
W - Agree. Though it might be a bit late, I actually just figure out this is actually kind of testing the Shooting Star low of the BB. The big bounce on Thursday makes much more sense now.
AUDUSD
BB - Agree. However, it is close to a retest of BRN 0.7
B - Agree. Though a mickey mouse Hammer with BUEB is still under control of September 30 Bearish long candle.
W - Agree. A Basic PASR daily trade toward 0.705 is ok as well in my opinion.
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