1H GBPAUD broken structure and retested W Support 3 timedWe also have a double top with an engulfing kicker here . an opportunity for me because we are currently in a breakout condition on this pair. I also look for these double tops at previous structure on the 1hr and I can see an engulfing bearish candle, it might be an opportunity for a little price drop.
Simplepatterns
EURGBP SHORTEUR/GBP short. Overall we are in bullish trend on daily chart but looks like forming pullback to MA200,MA50. Just broke support trend line on 1H , forming resistance line , support level 0.8491 turn into resistance. Take profit on next resistance level. Risk reward 2.2:1. 70% success rate.
EURUSD SOME IDEASHi all,
Development of two harmonic patterns.
The butterfly pattern (in pink), to me, is more attractive because it suggests bearish trend is still intact. @ 1.11 we have several indicators for a good selling opportunity.
However if market decides to roll over, I will see to it that this bearish channel holds.
Laurecen