Price is slowly making lower lows and lower highs. Price has now formed a double top after a very strong bullish period. I believe that due to the bullish period there will be a quick fall in price as orders flip and stops are taken out, however there is a possibility that the bullish trend could continue. Target to close position is at the low of the previous swing.
D1 Several week uptrend, strongly adhering to the trend line and gaining momentum. The H4 trend line has been strongly respected, price has since put in a HH, LH which was then supported by a BEB breaking the trend line and local support and resistance. Entry candle was during US session on a Friday. Will take a retrace entry to the entry candle at 0.7655....
EURGBP has presented a nice 2 bar reversal at a key support level of 0.87465 which has been tested multiple times since October 2017. This is a somewhat counter trend trade although the pair is in a defined range as the has been a trend of lower highs and lower lows. As a result targets should be conservative to the next recent high as targets at the range high...
USDCHF has been in a range between support (0.9450) and resistance (1.0300) for over 2 years which price has respected multiple times. There is a huge opportunity to if price action presents itself for a confirmed break lower and retrace to previous support, now resistance for a move lower with a first target area of 0.91 of approximately 450 pips. USD is showing...
AUDUSD W1 analysis
AUDUSD has been in a longterm slow moving uptrend confined within the ascending channel. Price is now reaching a critical highpoint at the channel top. Look for Price Action to present itself at the high of the channel for a chance to enter short with a long term target of the channel bottom and confluence with support at 0.776.
