A few confluences spotted: -support area -support of channel -divergence -bullish engulfing candle -engaging MA -Fibo level
Price broke out of channel + price pullback to the resistance of channel
Channel resistance + previous resistance
Wedge's support + bullish engulfing candle
H&S spotted.
possible scenario for G/N
Cup and handle
GBPAUD short
NZDUSD Long
Long opportunity
H&S formed.
High short probability as there are 3 areas of conflunce: - trend line resistance - previous support turned into resistance - Fibo 23.6%
A correction to the channel's support before going up.
GBPUSD possibilities
AUDUSD look for buy opportunity
NZDUSD long opportunity
NZDJPY long opportunity
The current price is hovering around MA and fibo level, i would expect a long opportunity at this area.
