According to my wave count GBP/USD is on a corrective wave right now, i expect prices to break below the previous low at 1.3731 and if that happens price can go as low as 1.3400 since we will have bearish head & shoulder pattern breakout level, please be advice that is a 4 hour chart and if my analysis is right it make take several weeks to reach my...
I've identified an ending diagonal on AUD/USD. prices may soon turned bullish. This is a great trading opportunity because whenever an ending diagonal takes shape, price action tends to be swift, retracing the entire length of the pattern, in this case 0.7762
there are big possibilities EUR/USD pair is still under a correction wave. if my wave analysis is correct we have a flat correction A and B wave already completed and we are heading to the downside for wave C to complete the pattern. Wave C might be a sharp decline since wave A and B took longer to develop.
AUDUSD getting close to neckline measurement of inverted head and shoulder pattern, also RSI and Stochastic shows bearish divergence. I will be looking for shorting opportunities at 100% fib level in orange.