SubTh3ory

SubTh3ory

AUDUSD is finally reaching a prominent key structure level. A level that acted as support and resistance during the 2008/2009 period. It also marks a prominent July 2003 high, which later became the 2004 low. A break low of this level could certainly indicate more pressure to SELL. The current channel that this pair is in, however, could change my bias if price...

SubTh3ory

Price for USDCHF has recently broken out of the 10-Month wedge pattern it was in and made a steady increase afterwards. Price then retraced back to key structure levels at 0.979. Price is expected to break the 1.007 and very possibly the 1.02 and even eventually reach a measured goal of 1.173. The reason I say this is because of the height of the wedge pattern....

SubTh3ory

Price was largely ranged for the GBPUSD-1.09% for the better part of 2015. Then when price broke the ascending channel it was in, price took a huge drop shortly after retracing back up to the bottom of the channel. Price then broke through the 1.4565 handle (Support) low of 2015 and exposed the 1.4225 low of 2010. Price is now just a few pips away from breaking...