Broke out of trend channel to the downside and consolidated below it.
Divergence on 1H. Completion of ABC correction pattern. Waiting for a consolidation above the breakout to enter long.
AUDNZD broke out of corrective structure to the downside. Looking for a consolidation to sell.
AUDCHF break out.
The top of the trend channel meets up with the .382 fib on the larger downtrend. Was waiting for conformation that the resistance doesn't break which we got with a new high at 0.715.
Overbought on both RSI and Stoch RSI.
Unemployment data tonight so well see what actually happens.
This is just a prediction, use proper risk management.
Perfect scalping opportunity with downward channel. 15m. Go both ways with it just follow the channel.
123.62 is support level that acts as neckline for head and shoulders formation that peaked at 124.5. Ichimoku kumo cloud also lines up with this as 123.62 as an entry point.
EUR to rebound to a maximum of 1.095 before continuing it's downward channel.