TECHNICAL SELL FUNDAMENTAL BUYGBPUSD I've called out successful short signals for this pair. Technicals signal more shorts as price hits resistance at price 1.32262. Now, based on the US economy and how Britain is doing. I strongly believe this pair has the potential of rising and will fake many traders into thinking it is going short. Overall, this pair is not shorting long term.
Forex-currency
USDCHF - Head and shoulders reversal pattern 🔽USDCHF is testing the descending triangle support as expected from my previous analysis.
RSI printed a bearish divergence signal.
The market is printing the head and shoulders reversal pattern.
Sell entry ⬇️ - breakdown below the head and shoulders neckline support.
Target - descending triangle support.
NZDUSD - Rejection of ascending channel resistance 🔽. NZDUSD is testing the ascending channel resistance.
RSI is overbought on a daily timeframe.
Double top reversal pattern was printed on 4H timeframe.
Reversal candlestick pattern was printed on daily timeframe.
Target - mid channel, channel support.
GBPAUD - Potential bounce off the pennant support 🔼 (long term)GBPAUD is testing a long term pennant chart pattern support.
The market is printing the inversed head and shoulders reversal pattern on the weekly timeframe.
Buy entry ⬆️ - breakout above the inversed head and shoulders neckline resistance.
Target - Pennant resistance
AUDCAD - Potential retracement 🔽AUDCAD brokeout above the downtrend resistance.
Price is testing the horizontal resistance level.
RSI is printing a bearish divergence signal.
Bearish pin bar ( shooting star ) formed on 4H timeframe.
The market is printing a rising wedge pattern.
Sell entry ⬇️ - breakdown below the rising wedge support + previous swing low.
Target - fibonacci retracement levels
GBP-CAD will keep FALLING. Sell
GBP-CAD will keep falling to retest support of the channel
After it has hit a confluence of resistance lines
So far bears have no reason to cover
And its a very good place to open a short!
Sell
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AUDJPY - Potential retest 🔽AUDJPY brokeout above the downtrend resistance.
RSI is printing a bearish divergence signal.
The market is printing a double top reversal pattern.
Potential retest of the downtrend resistance + fibonacci retracement levels.
Sell entry - breakdown below the double top neckline support ⬇️.