Yellow box is where i will be looking to enter this trade with three TP zones. Before entering also i will be looking for confirmations from the candle formations and if counter trend line has been broken. yellow zone indicates a completion in the bearish harmonic pattern.
Resistance at the 85.660 level showing price might not even break this but reverse at this...
Entry Price: 0.88497
Price bouncing off Monthly resistance (Pink Horizontal line)
Forming Lower high Within Trend channel
Price has broken out of rectangle but this could potentially be buyers running out of steam
Stochastic over bought
Fundamental news for GBP tomorrow which if positive could see price take a dive
AUDNZD Short Position
Price Entry: 1.07760
Harmonic Pattern Completed at 61.85 retracement level drew from C to D
Now we are seeing a push from the bulls but struggling to break the 1.07740 level - we have seen price touch three times without breaking
Raising wedge now formed indicating a Strong sell coming
Double top also backs this up...
Position Entry: 1.76299
Bearish Nen Star formed on the 4 Hr chart
Currency pair currently in a downtrend and has bounced off the 50% fib retracement level but not taking profit back at 0% level as this is out of my trendlines
Price Struggling to break Daily support - Only time broken was due to Fundamental News