after the strong impulse, the correction is fairly good. therefore, expecting another impulse to the upside after breaking current resistance. can enter on bounce.
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So what I can see on the 4H timeframe of the EURUSD is a POSSIBLE head and shoulders pattern, a reversal pattern if you have not seen it before. If price breaks the neckline, I would wait for a retracement back to the neckline for a potential short trade.
Entry...
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So what I can see on the 4H timeframe of the USDJPY is a very nice downtrend as seen from the downward trend line . If price respects this downward momentum, we can either see a retracement to the downward trendline.
Optimum entry level would be at 108.652. Stop...
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So what I can see on the 4H timeframe of the GBPUSD is a possible break of both the uptrend and upwards trendline . If price breaks this trendline, we can either see a retracement back up to the upward trendline or a straight down movement onto the next support...
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So what I can see on the 1H timeframe of the USDCAD is a very nice downtrend as seen from the downward trend line . If price respects this downward momentum, we can either see a retracement to the downward trendline or a straight down movement onto the next support...
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So what I can see on the 4H timeframe of the EURAUD is a starting of a possible downtrend as seen from the downward trend line. However, there is also a strong support level at the 1.7845 level. If
price breaks this strong support level, what i think will happen is...
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So what I can see on the 4H timeframe of the GBPUSD is a very nice uptrend as seen from the upward trend line. If price respects this upward momentum, we can either see a bounce off the upward trendline or a straight upwards movement onto the next resistance line....
