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 ⬇️.
NZDCHF - Potential rejection of pennant resistance 🔽NZDCHF is testing the pennant resistance.
RSI printed a bearish divergence signal on 4H timeframe.
Bearish pin bar ( shooting star ) formed on daily timeframe.
The market is printing a rising wedge pattern.
Sell entry - price breakdown below wedge support + previous swing low ⬇️.