Melokuhle_fx

Melokuhle_fx

formed a clear inverse head and shoulder. the formation of higher highs and higher lows also shows that GBPAUD is a buy

Melokuhle_fx

there is a formation of higher lows therefore the market is on an uptrend

Melokuhle_fx

the last resistance on the 15min timeframe was broken and is now a potential support

Melokuhle_fx

Structural change on small time frames from LH to HH

Melokuhle_fx

DOUBLE BOTTOM

Melokuhle_fx

CADJPY IS IS FORMING LOWER HIGHS WHICH INDICATES A DOWN TREND

Melokuhle_fx

ON THE WEEKLY TIMEFRAME THERES A POSSIBLE RETEST OF THE SUPPORT NOW TURNED RESISTANCE. ON THE 4H TIMEFRAME WE CAN LOOK FOR CANDLES SHOWING A MOVE TO THE DOWNSIDE

Melokuhle_fx

a pin bar has formed on the trendline and also its on the the 50-60% fib level

Melokuhle_fx

BROKE BELOW 0.775 AND NOW IT'S BACK TO TEST IT AS A RESISTANCE ZONE.