It seems price is continuing to go down after forming a lower high, and in H4 TF, it has reached a demand level.
If it bounce, it may go back to a supply level ( 1.10900 ), but if it can breakthrough the demand level at 1.10200, then we may see price drop lower to 1.10000 or even lower to 1.09700 .
Price has been going sideways for the last few days, ranging between 1.29800 and 1.27700 .
It seems price is going down to the support level of 1.27700 and trying to touch the 200 SMA .
If price bounce back, it can go back to 1.27700 , but if it can break the 1.27700 and the 200 SMA , then we may see price falling to the next demand level at 1.25500 .
Prices have broken the EMA 100, sellers are in control...Sell on short term...target is the first engulfing area which is a buy area...or you can place a OP buy limit on the two buy areas
After hitting strong support (lowest point since November), AUDUSD is going up looking at first strong resistance at 0.72700 level.
OP: 0.70745
TP 1: 0.71500
TP 2: 0.72850
TP 3: 0.73600
SL: 0.70320
GBPCAD is pulling back after hitting strong resistance at 1.73000 level. Strong short opportunity with good RR
OP: 1.71970
TP: 1.68500
SL: 1.73730
RR: 2.40
Strong bearish trend is still in control. This pair is pulling back to first strong resistance at 111.380 level after unable to break support level at 110.200.
OP: 111.016
TP: 108.856
SL: 111.456
