After breaking below the 2.55 price area recent price action is seen to pull back into and retest it showing signs of potential downward continuation. This price level is in very close proximity to the 20 ema and the 0.382 Fibonacci level. A bearish reversal bar thrusting off of this bundled rejection region is an offering of a short entry to resume to the...
In a recently structured down trend GBP/USD could proceed lower after Friday's close as a bearish reversal bar hitting resistance at ~1.5350 and 50 ema. Price also closed below a Fibonacci cluster (38.2% and 50% retracement level). entry - below low of reversal bar stop loss - above high of reversal bar target - at or lower than previous low
The AUD/JPY daily chart displays consecutive lower highs and lower lows with a potential short setup to continue the visible falling trend (supported also by downward trendline). The current corrective phase seems to be running out of steam in initiation of a potential impulsive phase, with the production of a bearish reversal price bar: - ricocheting off a...