With a weak USD, GU is moving up, closing above the resistance line of this multi-year Falling Wedge. That close signals more bullishness to follow. A close above 1.3400, breaking the minor resistance price has created, and I will look for a valid long entry.
Price came down a bit, revealing the wick of that very same candle, then it filled that wick with the next bullish candle, closing in on the HTF TL. It is likely going to reject from this TL, which goes back to 2007. This may take a week to develop, but it is something to watch!
OANDA:AUDJPY This is a LONG idea for this pair. It will take a minute to complete, but the wait will surely be worth it. On the last leg to complete this continuation pattern. I the 200 EMA will act as dynamic support when that leg comes down, and price will likely bounce to profit glory! Of course, one could short this pair to the support side trend line,...