Price has shown very bearish movement through this significant zone, will be looking for a potential pullback into this zone on lower timeframe to setup for a short position targeting base of channel
Analysis explained on chart, as of now Daily candle Sticks are showing a lot of rejection to the zone we are currently at, this is signs it can potentially push down, i will be waiting for a push to break the low before looking for short oppurtunity
Looking at EUR/GBP in the long run it looks like it will be pushing to the upside, you can see from the bar pattern of the previous time price came to this level what it had done, price is already beginning to replicate it, if it continues to then we can be expecting price to rise, dropping to the 4H chart it has made a bullish flag pattern, if it breaks from this...
I made an analysis earlier today predicting price to come back up once more to test the 1.66100 zone before dropping, now i will wait for confirmation that price is going to the downside
As you can see AUD/USD has created a double top on the daily timeframe respecting the downtrend Chanel that it’s in, it has hit a support line lower time Frame so I will wait for it to break and close below this before entering As it will confirm the bears are in for a push to where my previous support zone is which is where I will place Take profit
Looking at the daily chart on NZDUSD we can see a general downtrend, the price has came upto previous zone on resistance and is forming a double top, looking at the touch of the trend line and the inverted hammer candlestick It looks like the bears could potentially come in with a push downwards into previous zone of support.
