A bearish formation printing into place for GBP/USD.
Price will continue upwards in the short term and potentially create a throw-over before a reversal back into the triangle and a sustained move downwards.
A longer term bearish outlook going into 2021. A good strategy to buy from pullbacks on the smaller time frames until then will provide some...
Australian dollar /United stase dollar future contract is trading in a Big Rising Wedge, I thinkit will be broken and price might fall.
We can clearly see a divergence between ON BALANCE VOLUME and PRICE.
Fundamentally AUD is going upthese days due to Optimism about a Covid-vaccine and a V -shape recovery in international indices. However there are still high...
4H / 1D / 1W
New Resistance & Support Levels:
R3 110.70 R2 110.40 R1 110.15
S1 108.80 S2 108.45 S3 108.10
Entry Order will be placed @ Market Opening
Entry Market Order @ 110.60
T/P @ 108.80
This will be a 1W Timeframe order.
Personal analysis only. Please use your own rules and strategies prior to entering market.