GOLD JUST BROKE OUT OF THIS HEAD&SHOULDER PATTERN. WAITING FOR A RETEST BEFORE GOING SHORT ON THIS PAIR.
Price formed a rising wedge pattern on the Daily timeframe. Price broke out of this pattern and retested the lower trend line and resistance whilst making a double top pattern as price action to confirm, OANDA:AUDJPY with continued rejections on the 4hr chart, going short on this pair. The stochastic RSI is also over bought on this pair on the 4hr chart.
EUR/NZD has made a perfect channel over the last few days and we are currently at the channel’s bottom. There’s an XABCD pattern, and with a positive news of a Brexit deal, I'd expect the EUR to gain in value in the coming weeks. Combined with the channel setup you see on the screen, I’m expecting reversal of the S/R zone. Targeting the channels top at 1.40, we...
NZDCHF, H4 Descending channel visible on this pair, price already making a move off the resistance of the channel. Price is moving in this bearish channel and currently near the resistance of the channel. Price is clearly rejecting the resistance then, looking to go short to continue the downwards move and a completed pattern move
GBPCHF, H4 Ascending bullish flag pattern visible on this pair, price already making a move off the support of the channel Looking for a breakout on this bullish flag pattern. Price reached the support and made a move back up again, hinting that we could possibly see another touch of the upper trend line and maybe breaking out to get a completed pattern move
AUD/USD had a break and retesting of the trendline (RESISTANCE). We should see AUD/USD Fall to MAJOR support @0.70065
AUD/JPY had a break and retesting of the trendline (RESISTANCE). We should see AUD/JPY fall to support @74.959(TP)
CAD/CHF broke and retested the trendline on the 2hr chart after failing to break through resistance. There was also a 0.618 Fibonacci retracement
Price testing R1 with good candle rejections in 1hr chart.