Short setup , Double top formatione confluenced by a breakout of the trendline price made a retest , and i see it respecting that zone by a Bearish candlestick , on H1 Theres a Bearish Engulfing pattern , Am Targeting price to drop like 100 Pips with a 20 Pips Stoploss
AUDUSD - LONG SETUP Price is on an uptrend , since it made a higher high breaking the previous resistance , waiting for the formation of the higher low for our Buy setup. 50% on our Fibonnacci retracement , We see price touching the trendline three times, anticipating price to move higher H2 Morning star candlestick formation shows Bullish momentum
SHORT SETUP on GU , Overall on the H4 we see price respecting the previous resistance and being pushed to the downside, made a lower low came back to a strong monthly zone which is our 50 % Fibbonacci Retracement level, My Projections are that price will drop futher to the previous zone which is @ 1.38666 , Risk :20 pips , Reward : 90 pips , RRR 1:4