GU has being rallying down since MAY 2021. It has reach a daily order block, after a bullish BOS on the weekly TF. On the 4H TF structure broke to the downside ( within Jun - Jul), and mitigated ( from Jul - Aug). The second mitigation has taken place on the 1H TF, exhibiting our rules of entry(BOS, 1st Mitigation with LQ grab, 2nd mitigation as trigger entry).
GBPUSD should fall decently to 1.27500 PSY level, if it breaks this rising wedge. Price has rejected the 50SMA on the 4H timeframe. There is a regular bearish divergence on the 1H timeframe
If AUDUSD breaks out of that consilidation box to the downside and uses the box as a resistance, price should fall all the way to 0.73800 support level. Price is refusing to break above the fib gold zone(0.618, 0.50).
GU is in a rising flag on the higher time frame. It has also formed a double bottom. The 8EMA and 50SMA is starting to crossover. Stoch has shown to be oversod on the 4H time frame. GU Should potentially get to 1.3300 psychological level.
GJ is currently in a falling channel(falling flag). Price as gotten to a mid psychological area where price has refused to break and it has finally retested that area and is beginning to show sign of trend reversal at 151.500 area. The 8 SMA is starting to cross over on the 1H time frame. RSI IS over sold on the 4H time frame. RSI is also showing a regular bullish...
A major trend on the H1 has been broken after a long trend to 156.560 from 152.890 and price is refusing to make "highs" again by breaking structure, forming "lows". There was a rejection on a key level, resistance level and a Supply level . RSI is below the 50 level. The 20 and 50 SMA are showing bearish crossover. Confluences has shown that price should fall...
A major trend on the H1 has been broken after a long trend to 156.560 from 152.890 and price is refusing to make "highs" again by breaking structure, forming "lows". There was a rejection on a key level, resistance level and a Supply level. RSI is below the 50 level. The 20 and 50 SMA are showing bearish crossover. Confluences has shown that price should fall...
