If price closes with a shooting star/pinbar/doji potential sell-off to head and shoulder's neckline.
Price did not had enough pull back for this breakout it would likely be a false break
what do you guys think? Bull(Ascending Triangle) or Bear(Double Top)
Potential Head and shoulders if not double bottom watch price action at key levels
watch key levels short term shorting of this market before long as inversed head and shoulder had reversed this pair
Market has significantly stopped out lots of trades including myself in AUD related pairs as sentiments expect a change in trend, however, magic US/China Trade Deals had affected this pair which sends AUD down to bearish mode again.
USDJPY Price going to test key level/psychology level 108.5 which is also 0.236 retracement level. if it break this next level 0.618 which is October lows! 200pips to be achieved!
USDCHF overbought and a break below this key level will send this pair down
Price has been consolidating at this area for awhile a rejection to be expected, then LONG
Potential Head and Shoulders to be formed. if price respect this channel Short at next wave up
Price Rejected at the previous top if today close above the level a potential wave up the channel or 200EMA is possible
Watch price action for 2 different layers of break out Buy at 0.996 Sell at 0.985
AUDJPY has a potential channel being formed, a potential pullback to 74.3 or 73.1 before long
Rising Wedge pattern short term buy to 1.76, 1.77 resistance levels