Long term bearish market. Maximum of 108.625 coincides with weekly bearish trend line. Short stop at 108.112 with Stop loss at 108.625 and take profit at 106.76, a key support
AUDUSD is in a long term bear trend , but with some retracements within the process. Of course the sentiment is bearish that is why I put a short stop at 0.6730 with stop loss at 0.6750 but in case we have an uptrend the confirmation of that occurs at 0.6820 with stop loss at 0.68.
If GBPUSD continues to find resistance at 1.2709 and starts the downtrend to 1.2520 a possible entry could be at 1.2475. Let's see if it confirms consolidation between 1.2645 and 1.2520 and then we can expect a decrease maybe further then the initial take profit at 1.22174
After beating 1.10 EURUSD is entering a bullish trend. Support 1.10 so put your Stop Loss below that level, around 1.0990 and build a fibonacci retracement.
