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Elliot_Myers Elliot_Myers GBPUSD, D,
GBPUSD: GBP/USD Trade Set Up
50 0 2
GBPUSD, D
GBP/USD Trade Set Up

Daily trend line resisted a move to the upside and Friday's candle is very bearish - price action is in a wider bearish move adding weight to further downside potential. As price has broken one weekly resistance (blue line) expect a test of another weekly level (arrow). Upside potential remains with pricing in a short term up-trend, potential correction Monday ...

Elliot_Myers Elliot_Myers EURUSD, D,
EURUSD: EUR/USD Enters Consolidation - Downside Most Probable
65 0 3
EURUSD, D
EUR/USD Enters Consolidation - Downside Most Probable

Price action is currently in previous structure (blue box) on approach to test the 61.8 and 76.4 fib levels where a correction is still possible. Both blue boxes which indicate past structure align with the key fib retracement levels for an entry long. Price action breaking these levels indicates a clean short entry down to 1.12151 and then onto the next weekly ...

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