Potential down trend continuation on AUDCAD due to a price bouncing off of a validated trend line and coming into contact with a previous support turned resistance.
Additional confluences:
Bearish Divergence on H1
RSI Overbought on H1
Multiple rejection @ 0.874 Price
Potential down trend continuation on EURGBP due to a price bouncing off of a validated trend line and coming into contact with a previous support about to turn resistance.
Happy Set Up Sunday Y'all! We are looking at a potential buy from AUDCAD.
Price is currently at an area of high confluence.
What else I've noticed is on the H1 we have bullish divergence on the RSI indicator and RSI was over sold. Price also printed a double bottom at our area of high confluence.
Potential down trend continuation on CHFJPY due to a price bouncing off of a validated trend line and coming into contact with a previous support turned resistance.