Audusd price are rising towards the next supply, which coincides with an SNR zone from a higher timeframe. Expecting for a major move towards downtrend afterwords.
The price broke through the resistance last week and now is retesting it as support. The support zone overlaps with a demand zone which can be found at a lower timeframe. Furthermore, at the zone the price has made a reversal pattern as addition for confirmation (bearish-doji-bullish). Placing the stop loss below the zone and first target is to reach the minor...
GBPAUD has seen strong bearish pressure. After reaching the demand zone, expecting it for a pullback to retest SBR zone. Green box : Supply zone Orange box : Demand zone White box : SBR zone
After breaking out of the trendline, expecting the market to collect orders in the next Supply Zone before continuing bearish pattern. Chart has formed an ascending triangle, and there’s two possible breakouts of the triangle as shown above. Green Box : Supply Zone Orange Box : Demand Zone White box : SBR Zone
CADCHF have a bearish pressure looking from a 4H timeframe. Expecting it to reach a zone where, demand zone + support zone + trendline confluence, then bounce back to retest former Support. Green Box : Supply Zone Orange Box : Demand Zone White Box : SNR Zone