Since 10 days GBPUSD is falling and as per technical perceptive 4 hour - 20 EMA is in the play. IF price breaks yellow trend-line then I like to short @ 1.45300 , 1st TP @ 1.4500, 2nd TP @ 1.44600, 3rd TP @ 1.4400 with stoploss above 1.45500.
Happy Trading;
Rina
Strong weekly down trend is on hold and looks like trying to make inverse head and shoulder pattern for pull back at 0.7750 area OR will continue in range trading in this week.
Happy Trading;
Rina
In daily it looks like triple bottom and in a 4 hr chart it is making falling wedge & it touched lower trendline of a triangle. As per wedge formation, I am looking for Aussie strength.
Happy trading;
Rina
EURJPY got a bounce back from down trend line of daily triangle, now EURJPY is trading inside in the another triangle in a 1-hour time frame. waiting for Nov 6th NFP data for Bullish or Bearish decision.
