UnknownUnicorn3590752

UnknownUnicorn3590752

Price respected descending channel for months with few extensions outside the S&R of our channel -faking breakouts. Our long term bias is short, so a good entry would be at our recent supply zone which could be the next extreme of our channel for better risk reward ratio.

UnknownUnicorn3590752

Price respects support and resistances on our weekly time frame channel with few extensions outside - faking breakouts. Good to look for buy and sell positions on the outside extremes of our channel S&R for better risk-reward.

UnknownUnicorn3590752

Price have been rejected 3 times and forms triple tops on lower time frames. USDCAD's correction is around the corner.

UnknownUnicorn3590752

We look to go to short when price rallies between our 61.8 & 78.6 Fibo retracement levels

UnknownUnicorn3590752

USD is strong next week and we have a good possible head & shoulders pattern on our AUDUSD on H4. We can call to go short when the price bounces back on our resistance levels to form the right shoulder.

UnknownUnicorn3590752

Possible long term target

UnknownUnicorn3590752

If price pullbacks at our new support from previous broken resistance, we opt to go long up until our target which is 180 pips.

UnknownUnicorn3590752

Price closed near our resistance levels, so we wait for bearish patterns for us to place short orders down to our 225 pip target.

UnknownUnicorn3590752

We broke through our previous support level 1.31847 last week on H1 chart, Preferably if we get a pullback to the upside for retest of broken support level, we can go short down until we reach our next support level where we look to BUY on the long term.

UnknownUnicorn3590752 Updated 

Analysis on EURUSD. On H4 bullish pinbar pierced the 38.2 on fibo and 21 EMA. On H1 bullish engulfing formed on lower bollingerband. Also there is a possibility it might retest lower on level 50 on fibo right in the middle of our support area.

UnknownUnicorn3590752

Just saw this potential short-term bearish pattern. Possible pullback.