Price is sitting at my confluence zone and should push higher upon confirmation (I have specific signals i look for)
GBPUSD: Monthly trend is down. Monthly trend is at monthly horizontal and trend line resistance of 1.35056 Weekly timeframe shows a rejection of the monthly resistance and 3 strong bearish candles. Daily timeframe we see a HH then a lower high shooting star with high previous to HH having strong bearish candles. Potential head and shoulder pattern. Long term...
Price broke 132.272 support and is now at H4 indecision level. Wait for a break.
AUDUSD OUTLOOK: AUD Interest rate greater than USD interest rate longer term outlook is bearish. monthly at support trend line weekly bullish candle engulfing at weekly support 0.81798 price broke previous high at trend line resistance of previous downtrend. Next target is 0.79489
EURUSD ANALYSIS: High at monthly resistance 1.20700 Bullish engulfing on weekly chart at 23% fib level + previous resistance turned support Target monthly resistance 1.20700 for double top completion or breakout. If price does not break monthly resistance target price will form a double top and trend will reverse. if trend reverses we shall see a change in...
EURJPY, LONG: Wait for retest of structure (8H support 23%-38.2 retracement MAX!) then target weekly resistance
Resistance became support @ 38.2% level Long wicks at support Waiting on a break and close above resistance
Price broke out of sellers market. We should see buyers market continuation to our H16 resistance level. Very nice swing trade.
STRUCTURE BROKE. FALSE SIGNAL ON LAST ANALYSIS
Price is at trend line resistance , failed to stay above previous days high, price should reverse to key support at 50% retracement level before continuing further up to my -27% mid range target.
Wait for price to enter kill zone range 38.2 - 100% fib retracement. Look for bullish engulfing entry signal on lower TF. Set target to -27% fib extension (113.123)
DXY DOWN, Price could not break above weekly high as a result price broke structure down and USDJPY has followed. We can look for short trades on this pair until DXY breaks back up. BEAR MARKET NOW...