Multiple confluences showing a sign of bears in this area such as the 61.8 fib and a clean area of resistance on the hourly.
EUR/GBP has been in an up trend and has recently broken a counter trend line.
This is a trend continuation short on the h4 timeframe. We closed last weak with a bearish engulfing candle and a breakout of a daily counter trend line. We have the golden fib ratio 61.8 on the daily timeframe.
At this moment of time this pair is on an area of key monthly resistance which has been respected multiple times in the past. The previous h4 candles have tried to break the 1.107 level but it has failed multiple times. This show that this level is strong.
We have ended Monday with a nice daily candle close which has been respecting the previous HH.
AUD/CHF had a counter trend line break on the monthly timeframe. It is approaching a key area and also the golden fib level, the famous 61.8. :)
Taking a trend continuation short on GBP/CAD . This is a pending order trade with low risk and a high return.
Going to participate in a buy on AUD/CAD if the hourly timeframe retest the broken resistance.
UJ has broken the previous higher high and it's having difficulties closing above that higher high level.
A very nice daily candle close at a key weekly area. We are going to take this short at a retest of an hourly (significant( level with a good risk:reward and a tight stop.
GBP/USD has been trending up before finally retesting a key area today. We have had nice daily close showing signs of bulls. My exponential moving averages have crossed giving me more confluence to go long.
The daily timeframe has been creating higher highs and higher lows. Trend following trade.
I will only be anticipating a short on this pair if price action tells me to such as if I attain a candlestick pattern from this pair on the hourly timeframe.
Reason for going long: 1) retesting broken resistance 2) possible abc pattern at the 0.618 fibo level 3) Dynamic support