Forex-currency
NZDCADNZDCAD brokeout above the downtrend resistance as expected from my previous analysis. The market is currently testing the pennant resistance. Rejection of the pennant resistance could be a bearish signal ⬇️. RSI bounce off could be a bearish confirmation 🔽. RSI is also printing a bearish divergence signal on the 4H timeframe.
EURAUDEURAUD tested the ascending channel resistance and retraced as expected from my previous analysis. The market is testing the channel support + 0.618 fibonacci retracement level. Breakout of pullback trendline resistance could be a bullish signal ⬆️. RSI channel bounce could be a bullish confirmation 🔼
USD_MXN STRUCTURE LONG|
USD_MXN IS TESTING CHANNEL RESISTANCE AFTER DISREGARDING HORIZONTAL STRUCTURE
(1) Horizontal resistance disregarded. The channel lines were perfectly respected
(2) IF breakout is confirmed>>>
(if candle closes ABOVE the level)
(3) Long up to the next resistance.
(4) If not, a short looks good.
_________________________________________________________________
LIKE and SUBSCRIBE if you are BASED!
GBPAUD BUY OPPORTUNITY Been expecting some upside for a few weeks on GA. You can see the highlighted level I have marked out is showing some form of support. I will be looking at buys from around that region if price rejects it again. GBP news later today so could provide some good opportunity to get in. Looking for a continuation from last weeks run and make new highs.