EURUSD is on strong resistance level without making double bottom we did not expect this move will go up further. We expect the price will retest strong support level in next few days. This support will tell us the future of EURUSD.
As we said earlier GBPUSD forming Double Top and now it formed which signals strong bearish moves in next few days. Gbpusd broke the support trend line which will fuels bearish setup. We expect it to go further down.
As we said earlier in our posts EURUSD to form DT and will start strong bearish setup, as we seen EURUSD formed DT double top and now starting new bearish setup which will last for weeks we expect. EURUSD now broke trend line and retested it which will fuel bearish setup so , We see HH HL and we targeted AB=CD in H4 Sell signal.
GBPUSD formed double top which telling us strong bearish movement in coming days, According to H1 we expect minimum one more leg down to our Blue supports lines. Waiting for price to touch red line to enter trade. We will see later Bearish strong to break our support or not.
USDJPY formed uptrend channel and broke small bearish channel which signals continuation of uptrend channel. We target resting area previously supported. Time will tell it will break this resistance and form uptrend channel r not.
We expect it to be DT and we see divergence as well and we think minimum price can go to the target would be the blue line marked. In previous post we told the price likely to form DT and price went to our target, for strong bearish move we expected it to happen.
GBPUSD find support , to start long bearish trend double top DT is required, we expect a double top in next few days.
We are long for now because we have HH and HL on H4 and health is good with good momentum. When we reach on DT we will see what price will do.