today's technicals show a potential swing from previous high. look for reversals and overbought zones in this area
Looking for a Swing on GBPCAD. looking to catch the movement to the downside or the trend continuation from 1.69 MONTHLY SUPPORT zone as execution approaches. News during Brexit and the new election process happening this week could dramatically effect all Sterling Pairs. Theresa May will have to step down from office as the new Electoral Party seem to despise . ...
Given previous market news , and being that Theresa May brought overall price of Sterling Down with her speech Friday. We can come the conclusion that the current monthly support level will in-fact be respected , and has been. Overall uptrend however we noticed about 150 Pip correction within the last 3 days . 152.8 , 151.4, 150.5 , 150, 3.
Can't say more than what is already on the chart ...
We have a lot of daily resistence and fibonacci line 61.8 showing us a reversal @ 138.039 going short on this one, 300 pips maybe?
We see 4HR Support at the 1.27 Extension. Risk Management Always recommended.
after successive bullish pushed on GBPJPY and failure too do lower highs, A push up for the 61.8 retracement after brevet seems inevitable, we shall see, will update as needed.
AUDUSD Bullish Channel and Rejection from Bottom. For now seems as continues bullish move. FREE Education Webinars: www.imlfx.club ----------------------------------------------------------------------------------- Disclaimer: Past results do not guarantee future success. -----------------------------------------------------------------------------------
If the price will fail break down, I would personally expect bullish to continue.