AshFX

AshFX Updated 

Bearish Bias; - Higher Low on Weekly TF Wicks (13th & 27th April Weeks) - Break of 4hr CTL will confirm a melting of GU - 1st Target to Fib level -27 - Swing Target to previous monthly low (April) - Stop placed above a previous 4hr candle wick (accounting for slippage)

AshFX

Break and close of the trend line invalidated my analysis. Looking at a pullback to 1.175 level off the back of the YH seen 2 weeks ago.

AshFX

2 sell opportunities on GBPAUD - 1st sees a MA cross on 4hr, lets see how the daily candle closes. 1.6350 weekly support target. 2nd sees break of weekly trend line, only taking there short again on a solid candle confirmation. Rejection of the monthly trend line could indicate some long opportunities. Fundamentals - AUD RBA's Lowe Before House Economics...

AshFX

This could be a short play, however a break of the CTL could indicate a long entry TP1 61.8 Fib level.

AshFX

Short outlook with a TP1 @ 1.3000 area in confluence with previously respected weekly resistance levels.

AshFX

5.4 RR - Rejection @ 1.253 trend line level with an aim to TP1 @ 1.229 key level. TP2 1.223. Lets see how this setup plays out. Could be a longer term hold across a couple of weeks potentially.

AshFX

Potential Short Entry to 1.2280 level and reversal on previous key resistant level.

AshFX

Looks like some confluence around a break of the Fib 38% retracement level and break of the downtrend channel indicates a short sell off the back of a weakening Euro and slowly stabilising Pound.