Price is at a key trendline and psychological level, while following the inverse head and shoulders as seen.
XAUUSD went through a major drop after a positive NFP review and now i expect price to retest a broken support turned resistance.
GBPJPY has finally reached the maximum level of resistance and is most probably going to fall hard the upcoming week.
Price is re-testing a major trendline proving potential to the down side if the trendline holds and follows the fib rejections.
GBPJPY is sitting on a daily trendline and support zone giving a great chance for long positions taken on either the 4H or hourly timeframes with rejections all 3 timeframes. divergence also appeared on the 4hr and hourly timeframes.
AUDUSD touched the top of a trendline and is expected to fall and touch the bottom trendline, entry determined on your strategy and target profits on the bottom support. please follow and share for more analysis OANDA:AUDUSD
As you can see we just broke a trendline after bouncing off a HIGHLY respected resistance and have three take profit levels, stops just above the resistance or just above the lower high. please follow for more analysis, like, share and comment your thoughts OANDA:GBPJPY
USDJPY has reached a support level on the higher timeframes and formed and evening star on the 1hr timeframe. if you are interested in these trade analysis and more please like, comment and share with friends and family.
AUDCAD is showing a head and shoulders on the 3hr timeframe and is bouncing in a bearish channel also touching the neckline of the head and shoulders. uptrend had come to an end and price failed to break the highest high of the previous uptrend and made a lower low. sell targets could be placed either at the bottom of the last low or touching the trendline(depends...