EURUSD has bounced off two support structures: A horizontal support + retesting descending trendline, RSI also shows horizontal support. With the US Fed potentially cutting interest rates, we might see a big move up again. Let me know what you guys think!!!
EUR/GBP formed a H4 H&S at The top of the WEEKLY downtrend, further downforce by from expectations of an ECB rate-cut.
Price has retraced off the right shoulder also off the 50% fib level from the head to the neckline.
I am expecting a long term short here, let know what you guys think!
H4 AUDUSD, Formed an inverses H&S, crossed 50 EMA throughout, and also restest the line of breakout. I placed a buy as soon as break happened, expecting AUDUSD to rise up again next week. Let me know what you think!