As I mentioned in my setups last week, we broke out of a HTF triangle to the downside. We are currently in an uptrend pullback but are at 2 key retrace levels on the fib from recent swing high and low that we can target as scalp trades prior to taking our longer term short trade. Since we just broke out of a strong downtrend trend line to the upside, we expect an...
In the big picture. We can notice the pattern's right shoulder that has not been created properly yet
49K could be the bigger resistance and the market could enter the long-range sideways between 49k to 53k
If it lost the range there and the head and shoulder pattern could be validated so that Downside can be started.
When we look at the daily. It is quite...
EURGBP is on a downtrend from weekly perspective.
On daily and H4, we see structure break to the upside, where the market is going to grab liquidity, therefore giving us long term selling positions.
For now, BUY @0.8585
TP1: 0.8612
TP2: 0.8696
SL: 0.8558
As you can see my overall longterm bias for AUDJPY is bearish. But im expecting a push to the upside, before the next drop.
Price created a new low, and now im expecting price to retrace and test the previous low, meeting resistance then create a bearish continuation move to the downside. Bear
