Looks good for continuation short, still in a small term wave pattern, looking for bearish force to break narrow range to bring us further lower...
Regards Tom
Comments
IvanLabrie
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We got it this time Tom. Looks promising.
TomProTrader
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Yes :-)
The breakout looks like it's going for real this time :-)
Tom
GcNaif
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lets see how it goes
MATASII.com
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Seeing similar
MATASII.com
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TomProTrader
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Looks good. Downside movement is definitely favourable at the moment.
tom
IvanLabrie
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Looks solid ;)
TomProTrader
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I noticed you also found that consolidation we are currently in, as well as the same target. Great minds think alike ;)
Good luck.
Tom
IvanLabrie
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Hopefully that's the case Tom!
What do you think of gbpaud?
TomProTrader
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I think GBPAUD is starting to show signs of topping out, it's seeing increased pressure recently, and overall the candles just look junky and volatile. As you've nicely pointed out in your chart also, there is a few resistances that are long term, that are likely to pause the GBPAUD's upward movement.. But for now, it's bullish in theory, and i actually bought in 2015.05.08 and an holding for the time being, not sure of what is to come... The pair has failed to take off the channel bottom for a long time now, the buyers are beginning to disappear in my opinion.
I feel we will eventually see some downside pressure come into this market. We are coming up to resistance now, and we are still in double top territory as well.