Price broke its uptrend line, FOMC meeting went bearish & the dollar will continue weaker I believe.. Watch for a potential retest to the 50% fib or a break & retest of the support price is at now..
Price is looking to break lower to the downside, I will be watching for price to break the 38.2% fib level & retest below the CTL for potential shorts, further confirmation needed so I will wait until price plays out : )
Seems like we got a break of the daily uptrend line that has been holding for some time now .. This could be the start of a reversal for this pair, so to add more confirmation I will be looking for a break below the support its at now for a continuation lower..
Simple support and resistance in play, price broke a strong area of daily support & came back to retest, now looking for a continuation of the downtrend to the next level of weekly support at the 1225 area..
Price broke a key level last week & has been moving in about a 40 pip consolidation period. Dollar's strong PPI numbers release this morning gave this pair more of a sense of direction & seems to be trying to break support now. I will look for a clean daily close before placing my entry as price can easily come back up into consolidation for some time until...
Price looks to have broke its uptrend line however, I am still waiting for a break of daily support its above for extra confirmation incase this was a false breakout. So I will be waiting for a cleaner break for potential shorts : )
Price broke out of bearish channel flag, broke below support as well. Now expecting more downside to come
Price is at a decision point near 1.17450 daily support, will price break lower or respect its uptrend line & bounce back to the upside? We will have to wait & see. Also looks like a potential inverse Head on shoulders pattern, so we could see bulls come back in.. Patience is the key
Price reaching the shorting zone, now getting ready to make a lower low to continue its downtrend..
Support and resistance levels drawn, price broke its daily channel to the downside, may come to retest before continuing lower. Watching for a 4 hour close below 1.18100 ish area before shorting .. Price could potentially come down to retest 1.14600 (Weekly zone) before continuing higher..
Potential short after the break of the CTL & close below the 38.2 level, price rejected the 61.8 level perfectly on Friday with a bearish engulfing close below daily support, more downside expected this week !
Price broke its weekly uptrend line on the weekly & is making lower lows & highs on the daily, will be watching price to test the 38.2% level again for potential shorts. A lot of AUD news this week so I will be cautious when looking for an entry or signs of a potential reversal ..
Double top rejecting strong daily resistance, now waiting for price to break 1.26700 for more shorts this upcoming week! :)
Downtrend continuation after lower high rejection to the 50% fib
Bigger picture channel holding, perfect 61.8 rejection (lower high), now watching for a break of the CTL & Daily support for shorts :) This pair has been very fun to trade lately
Nice setup in the making will be keeping this on the watchlist.. Waiting for a bit further of a retrace (lower high) to continue another leg lower. 3rd touch to the trendline is usually the one that brings the strongest move! Patience....
Price looks like it broke under support & channel, now waiting for a daily close for shorts..
Price broke strong key level support, now waiting for a daily close for more shorts, next weekly zone is at 145.00. GBP got destroyed last night