I predict this pair to buy long term. Last week price hit the 0.84982 support zone and rejected with a big bullish candle signaling a buy. price also broke the resistance trend line signaling a buy as well. my indicators are an extra confirmation for a buy as well however im waiting until price tests the moving averages or it goes to retest the trendline then ill...
I'm seeing a sell on GBPUSD long term according to my technical analysis marking my S&R zones and identifying the trend. Adding the Ichimoku cloud is an extra confirmation seeing where price is going. GU could reject at the 4hr resistance (blue) and break thru the support for the sell, or it could break past the 4hr resistance and test at the resistance trendline...
My analysis on this pair is a sell. I'm sell Biased because Audusd rejected off the 0.80111 resistance zone heading down towards my support trendline. However price has broken the trendline indicating a reversal. For extra confirmation I use the Ichimoku cloud and BB to get better direction of where price is going. Not only did price reject off the resistance...