Forex-currency
EURAUD - Potential buy re-entry 🔼EURAUD rejected the ascending channel support and brokeout above the pullback trendline resistance as expected from my previous analysis.
The market retraced and it's testing the 0.618 fibonacci retracement level.
Breakout above the minor pullback resistance could be a bullish signal ⬆️.
EURUSD - Potential sell re-entry EURUSD rejected the 0.618 fibonacci retracement level + descending channel resistance.
The market broke down below the pullback support.
Potential retest of flip trendline resistance + fibonacci retracement levels.
Sell re-entry at confirmed bounce off the retest ⬇️.
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.
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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.