Weekly - Morning Star with a rejection
Daily - Inside bar after strong bullish maru
H4 - Retracement. Waiting for complete pullback prior to commencing up
The previous short was stop at Break-Even and now we are waiting for complete pullback and that is when we expect AU to go up.
Weekly - Bearish Doji after Bullish Doji. Indecision.
Daily - Evening Star after Morning Star. Bullish may ended temporarily
H4 - Price created new high and new low at the moment. Expected price to touch the support before making new high
Weekly - Bullish Long Legged Doji. Break high previous close price
Daily - Inside bar. Break out resistance and currently on pull-back
H4 - Higher High created. Waiting for rebounce and price action confirmation at open price of previous bull maru
Based on the above, I will take LONG EUR against USD during trading ...
As shown earlier, AU had almost complete her retracement and I'm looking to short AU at 0.73160. You can adjust your SL accordingly.
TAYOR (trade at your own risk) and GLHF (good luck and have fun)
UCAD is clearly inside the parallel channel pattern which also known as consolidation pattern after she make a clear downtrend. Based on Fibo Retracement, I'm expecting that the price to go to at least 38.2% Level which also coincide with Support Become Resistance (SBR).
GU had breakout from parallel channel and current making her way downsouth. She had previously breakout from important RBS at 1.2400 and currently at that price level.
GU may tested 1.2460 area before continue going south
There are 2 Head and Shoulder pattern that we can observed for EU.
1) Bearish HNS which is shown in red where the result is still in progress as EU is still in consolidation mode. If the prices goes down and break the support and trendline, it is likely that it will go down to 1.04000 as indicated by arrow.