EURAUD has been in a bullish trend for an extended period of time and has now created doubled top pattern indicating a bearish reversal, and we are anticipating a 250pip drop
USDCHF seems to be shaping up for a shift towards the upside after we broke up bearish on our symmetrical triangle last week. Price has broken out of a falling channel and is currently in the process of retesting the trend line. looking for opportunity to buy this pair, strong report also contribute towards the bullish of the US dollar.
USDCHF currently sitting within a symmetrical triangle prepare for both directions
Possible head and shoulders forming , current H1 supply level sitting at around the 1350 level where we can look to go short (sell), targeting the 1320 level.
EURAUD has just reached the neckline of an inverse head and shoulders pattern indicating a buying opportunity targeting our 1.5700 level
EURUSD has been in a monthly downtrend since 2008 and after an amazing rally by the euro in the second half of the year of 2017, we can now look for selling opportunities in a bid for the recovery of the US dollar. this could be a potential year long trade to the downside. US tax reform may get things kicked started for the dollar, as Mario Draghi does not see and...
EURUSD cuurrently sitting in a weekly supply level giving us a chance to look for selling opportunity, we have a symmetrical triangle thats formed to assist with the entry.
Gold has been in a down trend of late and is beginning to show signs of a possible bullish reversal, first confirmation we have is the current price trading on a trendline support, which is also the support structure for the symmetrical triangle our second confirmation is the inverse head and shoulder with the second shoulder yet to complete. please note we are...