Description: This analysis focuses on GBPAUD, where we anticipate a bearish reversal as the current retracement phase nears its end. Here's a brief overview of our analysis: 1. **Current Market Situation**: We assess recent price movements and key support/resistance levels. 2. **Retracement Recognition**: We identify the ongoing retracement within the broader...
The formation of a bearish Pin Bar in direction of the overall trend signals a continuous downtrend for upcoming days.
Just a simple downward channel. I am not trying to make it look sophisticated.
Broke out of the trendline and we are going to buy on the retracement and the target will be 1970.
Probably price will move through a bearish channel until the Corona Vaccine kicks in and it will move up if trump gets re-elected.
Possible scenario of the USDCHF pair based on what's going on in the world and especially in US election.
Probably it will retest the back of the trendline and goes up to 47.00. let's see how it plays out.
It seems like that price wants to retest that trendline and then fall until 1.383 or 1.618 Fib levels.
Breaking through the countertrend line and given daily pin bar indicates the market is wanting to go down if I may.
Breaking the daily countertrend line says that another leg of impulsive move is about to happen. Sit tight and enjoy the ride.
seems like bulls are getting back into the market and most probably going up to the end of the channel
seems like USDJPY has been rejected from previous supply zone and most probably heading down. Let us see how the whole thing works out.