Price broke equal highs and gathered enough liquidity to continue bullish.
I'll personally be expecting price to the institutional candle that started the recent expansion.
Price should most like take liquidity to the institutional candle. Then continue bullish.
This is my thought on the AUDCAD, not a financial advice.
TBX
EURJPY approaches major resistance level and forms a double tops reversal pattern which tested the 200EMA twice with an entry reason( the red candle) before market closed.
PERSONALLY, I'll be expecting price to sell down to my support level around 128.758 and 128.617 next week.
Disclaimer;
THIS IS NOT A FINANCIAL ADVICE, DO NOT FOLLOW THIS ANALYSIS BLINDLY.
AUDCHF is retesting previous support/new resistance and should continue its downtrend to the major support level around 0.68491 and 0.64097.
However, price could retrace to termination zone which is the area between 0.68026 and 0.67678 before continuing bearish.
AUDJPY is retesting a double tops on the daily timeframe.
AUDJPY should continue selling after the retest.
Price could continue bullish to test the zone made by the two tops of the double tops.
Though price hasn't gotten into my level, might probably miss this trade because markets already showing a bullish signal but I can't enter the trade until it meets my criterias.
But if you can withstand huge drawdowns or you want to confirm my analysis with yours, I'd drop my confluence below.
*Market is in an Uptrend.
*Falling wedge(Bullish signal).
*Rested of...
I think CADCHF on the 4hr timeframe is going bearish for a while.
And my confluences are:
*Double tops reversal pattern (bearish signal)
*Rested of the neckline(healthy chart pattern).
*Normal divergence (change of trend signal); you can check out the divergence yourself.
And the last confluence would be the entry reason; A bearish engulfing candle( bearish...
After a little bit of analysis, i think I'd be going short on GA.
GA seems to be in a retracement and will continue a downtrend soon.
I also used Fib retracement to get a dope TP(1.7258).
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No analysis is perfect.
GBPAUD...(downtrend)
Head and shoulders, formed with a restest.
Lower higher and lower lower low present after the heads and shoulders.
Two EMAs crossed moving bearish.
I personally think GBPAUD is still going Bearish, and I could still hit 1.75000 and 1.72500.
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Do not enter GBPAUD blindly based on my analysis.
It's my prediction, it could be wrong
Gold is still gonna hit 1900.
Though sellers in the market got an edge as there were multiple TP hits around 1895.16....
But Gold hasn't broken or closed below the 8, 14 & 50 MAs, there's isn't a lower low (on the daily TF).
All I see is a retracement, it could still hit 1900.
..............
No one knows what's actually going on in the market, we just spectators...
