Also look at the Cup & Handle on the DXY which lines up perfectly with the inverted GBPUSD pattern.
Is this a weird Coincidence that the DXY has this pattern breaking out completion around Election Day??? Your Thoughts...
Head and Shoulders on lower timeframe I placed horizontal line where price will eventually drop to from there we shall see.good luck.
Gartley on the Monthly and Daily timeframes only trade long term DXY or USD short
If EURUSD falls below 1.1520 a top will be confirmed and therefore a new resistance will form 1.1540/1.1520 continuing a downtrend to 1.05188. Also a poor quality head and shoulders formed on the LTF (5min and 1 min visibility) as confirmation of the drop...:)
Confirmation of bearish trend in play please be careful of JPY events reporting on Sun/Mon.
Sorry this is a bit short notice but there is a head and shoulders pattern visible on 5min and 1min timeframe LTF. Good for directional confirmation as I already have a short on this pair. Since this will be after the close of the US Market when things will slow down this pattern may take a while due to the dead zone and brief market closure this afternoon.
GBPJPY is in a squeeze between double resistance and then double support....increasing the EDGE that the analysis will pan out....
AUDUSD has returned once again,,,,again.....and yes once again to the very strong resistance line. Based on the USD (DXY) beginning to start to rise it is forcasted that AUDUSD will fall to support at target 0.66802. Set stop above 0.70236 per trade rules 0.71207.