Looking at a flag formation currently, so i'm looking at when this flag could end and then fall. Trend line analysis, quarter point and 61.8 fib level looking like a good place to look for a sell to me currently.... Patience is key.
GBPAUD broke past my quarter point. Looking to see if the trend line will hold on the same level as my quarter point which is also a 38.2 fib level. Counter move marked in yellow lines if this does not happen.
Not convinced DollarYen is ready to fall yet
Currently Trading over 112.5 QuarterPoint
We could see a retest and a push up to 113.7
Completion of Bearish Shark Pattern
That is the price I will be monitoring for Bearish Entries
Bearish Target @ 111.0
EG seems to be diverging on the lower timeframes and stuck at the overbought levels which normally indicates trend continuation. If i'm correct then price will possibly continue upward until the quarter point converges with the fib level. WE SHALL SEE.