DavidC2319

DavidC2319

GBP AUD has been surging to the upside - now sitting at a major resistance level based off of weekly and daily charts. Looking at the 4 hour you can see a clear bullish trendline but we also have what appears to be a head and shoulders forming. A completion of the head and shoulders could force us to break the trendline which could send us crashing down - on the...

DavidC2319

4 Hour Support (BLUE ZONE) broken - look for price to pullback to the top of this zone for selling opportunities. Should be a straight shot down towards daily support @ 1.65700. (GREY ZONE)

DavidC2319

Bears are still in control here. We’ve tested and rejected the broken support zone for the second time now. I will be looking to take sells if we can pull up into this zone once again although I think that is a bit unlikely - and if we DO come back it may just break out to the upside. The best bet is to watch the lower time frames for confirmations to take sells....

DavidC2319

Watch for a pullback towards the hourly resistance zone between levels 1.68250 and 1.68310 for selling opportunities. I expect today’s Asian session to push us up towards resistance and London should give us the momentum to break down past support and continue with the overall bearish trend.

DavidC2319 Updated 

Huge bull run on the the weekly all the way up to 1.74800 - found support between 1.67820 and 1.68500 before ultimately moving past the high of 1.74800 all the way up to 1.79286 before crashing down - breaking the long time support levels between 1.67820 and 1.68500 where we found support at 1.63350 before heading back up to reject the 236 fib level drawn from...

DavidC2319

EU short from 1.13800(ish)