Overall projection on the H4 and Daily price is bullish and is making a touch on a trendline to the upside, Price breaks out a falling channel making a retest at its previous resistance zone that becomes our new support 50% fibbonacci retracement Risk 30 pips , Reward 177 pips
AUDUSD - LONG SETUP Price is on an uptrend , since it made a higher high breaking the previous resistance , waiting for the formation of the higher low for our Buy setup. 50% on our Fibonnacci retracement , We see price touching the trendline three times, anticipating price to move higher H2 Morning star candlestick formation shows Bullish momentum
SHORT SETUP on GU , Overall on the H4 we see price respecting the previous resistance and being pushed to the downside, made a lower low came back to a strong monthly zone which is our 50 % Fibbonacci Retracement level, My Projections are that price will drop futher to the previous zone which is @ 1.38666 , Risk :20 pips , Reward : 90 pips , RRR 1:4