#GBPUSD is getting interesting 🤔 price is forming a falling wedge as it prepares for it's final drop...
Price is about to go for it final drop and a retest of the neckline will come in play which will in turn also be a second shoulder to a bigger H&S pattern in play
Following the completion of the wave in the monthly timeframe a possible move to the upside could happen for a retest of the neckline
Break above and confirmed I will break above to and if I break below I'll dance to the tune market is the boss✌️💙✌️💙
FOLLOWING THE BREAK OUT FROM THE RISING WEGDE EARLIER ON ITHAS FURTHER BROKEN THE OVERALL STRUCTURE AND IS LIKELY HEADING DOWNWARD SO I WILL ENTER ON A RETEST DOWNWARD
Bullish idea: following a break out from the triangle I will await a retest of the break out then buy it to the marked area
Prior to the U.S election we have noticed in the recent past that US DOLLARS have been quite bullish for now so following my analysis I see a sign of a further break below in EURUSD. NB: PLEASE DO NOT ENTER THE TRADE BLINDLY WAIT FOR A BREAK BELOW AND ENTER ON A RETSEST AND RIDE IT TO PROFIT.AS IT MIGHT BOUNCE FROM THAT LEVEL.
A four hour analysis of EURUSD which appear to be retesting d neckline of what appear to be like an head and shoulder could this suggest a move lower this coming weeks
Could it be that EURUSD is about to turn back from that yearly trendline or we see a break above the line following the bearish candle closing below the trend line let's see how it goes.
Updated on EURNZD I published earlier let see what happens on the blue horizontal line which is exactly the 50% fibs level
NZDUSD is beginning to short following the downward movement after the double top parttern and a break out from an acending channel...so I will wait for a retest to form a new lower high and enter a sell ...and a break above the supply zone highlighted invalidate the idea but I will wait for a retest of that zone to make it a demand zone to enter for a buy
I see a double top formation and a break out of an up channel so I will wait for a retest to e ter for sell up to the level marked....a break above the supply area invalidate the idea and I will wait for retest of supply area to turn demand zone and enter for a buy
On the four hour time frame we see the gold break out from a rising wedge....so we wait for a pull back/retest of the trendline before the next downward movement
CADJPY already start it's move to the down side we now wait for a break below the structure level to re-enter for a sell