We can see the completion of a rising wedge which is the reversal chart pattern, it giving us a selling chance after breaking below the trend line and retest it again. A lot of Market liquidity for short positions with the aim of pushing the price down to the resistance zone around 170.275 - 170.00
Daily chart show us that the bears are still gong strong after breaking the channel support, now it focusing on reaching the next support level.
The possible outlook of GBPUSD on the 4 hr chart, with the price going down hill to retest the possible neckline we looking at the bulls charging the price up for a retest to finish the H&S pattern. In conclusion bears are controlling the market.
With NFP on Friday 06/11/2023 Bears are starting to be in control of the market, already broke the support level of ABCD Pattern and retested it. With the sellers pushing the market down we looking for short seller before NFP announcement.
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A close up look on EURUSD downtrend...............................................................................................................................................................................................................................
GOLD as end it downtrend after hit a major Resistant zone which hold more buyers. Price as form a support zone now it preparing to move upside favoring the bulls
GBPUSD searching for the nearest support zone....................................
BULLS WORKING OVERTIME TO REACH THE FOLLOWING TPs. Gold is about retest the following TPs, but the main price tp retest $2000
WHEN IT BREAKOUT DON'T FORGET SELL ON THE NECKLINE
Bears still in control after consolidating, with a breakout below flag pattern it clear that bears are pushing for the next support or resistance.
Audjpy being move upwards since last year and soon it will be continuing shooting up, bulls are get ready for a third wave.