If we look to the bigger trend in this picture we hit the lower side of the tube. Sow this is a good moment to go long on this pair. If we break the support area where we start there could be a further downside with a retest of the trendline.
Possible long on GBPUSD. Since we are on the downside of the uptrend line we can expect another run to the upside recistence wich is drawn in this picture. Since we are in a bigger uptrend we follow the uptrend.
Short term short on AUDUSD. Now it retested this minitrendline we can go short till it hits te bigger uptrend line. After that we will see what happens.
If EURJPY will retests the two trendlines there will be a possible short at that point. Keep an eye on this pair for this trade. When we take this trade we can ride it down to the support what will become resistance.
Good Morning Traders!
Weekly downtrend in GBPAUD looks strong for go SHORT in long-term if break out occurs in the yellow sopport level. But expected rebounce in the red resistance level can make us to go LONG for awhile for few pips in short-term and may it break out still blue resistance level. Action Price will show us the way to take.
Pd: feedback is...
