EURAUD is currently in a rising wedge with strong bullish candle on the monthly, however we are approaching heavy monthly resistance somewhere around 1.72991. This move resembles the AUDJPY move that I called just a little over a month ago that played out perfectly. Like comment and follow for more trade ideas.
There's two scenarios here on GBPJPY. First, it is in a Head & Shoulders pattern on the weekly, coming off completing a rising wedge to retest channel price broke in the past weeks, there should be more upside. Secondly, There is also a double top on the monthly, which should send price to new highs that haven't been seen in a very long time. Happy Trading!
Possible head and shoulders on EURUSD. Has given us two shoulders and a head at key resistance levels. All indicators confirm sontinuation of sell. Also not to mention the pattern sits atop of channel that this pair has been in for quite a while. Follow for more trade ideas. Not a financial adviser.
Here's a move I've been following for some weeks now. If we can get a close under the 50 ema things will begin to look up for this potential short given that it is at a very strong resistance level. Wait for break and rerstest a key levels. Happy Trading. Not a financial adviser.
Pretty clear head and shoulders at key levels. Im in at what should be the right shoulder of the head and shoulder chart pattern. Best time to enter should be after it breaks the neckline/base of the head and shoulders and retests. 170 pips potentially if market holds up
Further downside in near future. Bounced from key level with USD news in New York session. Currently in bearish correction on 1 hr.
Should break out of bullish continuation pattern. more upside in near future
AudUsd has bounced from previous resistance and should continue to downside based in bearish bias on H4.