As shown, the market is on a 4 hour down trend and reaching a trend line which has previously been rejected a few times. This is shown from the Trend lines drawn on this specific graph. There is confluence in terms of the pair being considerably high on RSI, as well as considering the movements of the major corresponding pairs (USDCAD long + USDJPY short). The...
As we see EURUSD broke through trend line but quickly re-entered 4 hr trend line Broke through psychological level 1.300 continuation of trend Target:1.2
4 hour trendline/ strong support/ aiming for fib 0.382
As we can see GBPAUD has broke through 0.5 fib level in a 4 hour time frame and rejected of 0.382 fib level and quickly made its way back to the entry of the candle,suggesting that there is strong buying pressure available. Aiming to use 0.5 fib level as a form of support for buying pressure
-GBPAUD sell opportunity, if it reaches my weekly trend line -Potential to hit 1.90000 physiological line and form a rejection -GBP High volatility
Strong down trend/ obeying day trend lines/potential to break through 0.786 fib level... await candle confirmation
USDCAD possible Long opportunity/ tested support/ fib level/ strong weekly uptrend .... wait for candle entry
Double top/day time frame/strong resistance/ Elliot wave theroy