Very good short opportunity on GBPUSD at 1.3450 even level. This level lines up perfectly with an AB=CD move, a 1.272 extention of a possible ABCD pattern, very strong resistance and and 50% fib.
Monthly and weekly trend is bearish so the bullish trend on the daily could simply be a retracement on the monthly and weekly.
AUDUSD has shown weak bullish signs this month and I see this pair going bearish for the next few weeks before resuming its uptrend. Keeps getting rejected at the 61.8 fib level and daily candle closed in a pinbar.
Price has also rejected 200 EMA on weekly chart which shows further bearishness
GBPUSD has slowed down from a steep uptrend to a consolidation, and it looks as though it might break 1.3200, retest previous support and resume higher. There is also RSI digvergence which further backs the point that it could retrace lower. Just an idea to put out there
USDJPY decent sell at 112.08. AB=CD lines up with a 1.272 fib extension along with a 61.8 retracement of our recent swing high to swing low. Very strong daily and 4 hour resistance plus 112.00 even level. Great setup.
Potential short opportunity on NZDUSD on a 4 hour close below the trendline. Kiwi has completed a 5 wave impulse and price action shows that kiwi is running out of steam and if the fed decides to raise rates, this will make this an even more likely scenario to the downside.
Wedge pattern on USDCAD that is very likely to break to the downside. Many days of indecision candles and now there is a big bearish engulfing candle after testing the 38.2 fib level and 1.3500 even level. Short will be supported by the weak dollar in recent days, and price is likely to complete a daily abcd pattern at previous support, and come down and test the...
Nice long setup on AUDUSD at 0.7400 even level. There is a 61.8 fib retracement along with an ab=cd move, and ABCD pattern, decent support, and a 1.272 extension with 0.7400 even level at the same spot. I will be going long at this level