Watch out for any bearish reversal signal before taking a short. After the retest of the trendline, we expect a bullish continuation.
We will wait for price to hit the 2.00000 area before we take a short in case we get a price action bearish rejection signal for a potential short.
Check to see if we get full candle close below the box. We will look for shorts thereafter. If that doesn't happen, we remain bullish on this pair.
We will only take shorts if price has a full candle closing below the pink box
Bull flag formed on H1 Chart. Expecting bulls to come in for a rally at least up to the 1.35000 area.
Hello guys. The ABC correction on EURGBP seems to be complete. The pair is currently on a bullish momentum and is currently trading on wave 4 ABCDE correction. Am still expecting a more bullish momentum of wave 5 up to the 0.89871 area. The moment it gives me a buy signal at the end of ABCDE correctiuon, I will take the long. Good luck.
Hello guys. Here is my bias on AUDUSD. Am expecting a retracement upto the 61.8 area then a start of wave five. The 61.8 retracement level also happens to coincide with the trendline resistance. Waiting for price to touch the trendline then if I get any reversal signal I will take the short.