Dezalak

Dezalak

It is following a beautiful bearish trendline. The current bearish impulse move is at a 50% retracement.

Dezalak

As you can see, AUDUSD is forming a rising wedge. This is a very bearish move.

Dezalak

Please trade at own risk. Yeet!!

Dezalak

GJ was previously making a local downtrend and now it broke the trend line and has fully reversed. It pulled back to the 50% fibonacci level, which is the break and retest zone. TP can be at the -0.27 or -0.618

Dezalak

GBPUSD made a local uptrend on the H4 and has fully reversed. Looking to sell to fill the daily wick after making a 0.618 pullback.

Dezalak

Previously, it was making LH and LL. It has now fully reversed and retraced to the 0.618 fib level.

Dezalak

I see a distinct LH and LL at the top of the bullish trend. Also, looking at correlating pairs, you can see that it is starting to change trends.

Dezalak

Price will retest the broken support zone as resistance and then move lower to previous support zones. I will be looking for an hourly confirmation to go short.

Dezalak

It broke bullish trend so now it's bearish. Pulled back to a nice zone and now it's time to sell.