GBPAUD 4HPrice now has broke above 1.75000, now acting as strong support. Price should now be on its way up to 1.77500 weekly resistance & beyond
Aussiedollar
AUDNZD 4H3rd touch to the descending daily trendline, now the counter trendline is broken price is headed down to daily support
AUDUSD 4HPrice having trouble breaking 0.80200 resistance, so a potential pullback is likely due to all the bullish momentum price may now be looking for some breathing room, before continuing higher up to weekly resistance 0.81000
AUDCAD 4HPrice now at daily resistance, rejecting with a shooting star candle. Will be watching for price to break its uptrend line & form a small flag pattern on the H1 Chart for shorts down to create a higher low
GBPAUD DAILYPrice is showing a lot of pressure in its 140 pip consolidation range, after its previous strong bullish engulfing candle bouncing off weekly support, showing that price may be ready to reverse its trend. Watch for a clean break of daily resistance ..
AUDJPY 4HPrice now back at strong resistance, forming a bearish flag pattern & a potential double top here at weekly resistance. Will be looking for a break of daily support / channel & retest for a potential shorts this upcoming week
GBPAUD 4HNice potential short this week, double top at strong resistance. Now will be looking for a break of that trendline for potential shorts down to recent lows or a new lower low..
EURAUD 4HPrice made a strong move & broke above its downtrend line, now looking for entry on the retest of the 38.2%/50% fibonacci level for buy opportunities. If you take a closer look the retest could form a nice inverse H&S pattern, showing great confirmation! : )
Trade safe!
AUDJPY 4HPotential short coming soon, price below daily resistance & respecting its downtrend line, now making lower lows & lower highs.. A new potential lower low to 86.9 daily support potential
GBPAUD 4HPrevious support now resistance, looks like we may get a continuation of price's downtrend & a new potential lower low..
GBPAUD 4HPrice is stalling, trying to build back some momentum sitting between daily resistance & weekly support, waiting for a break below for a continuation of price's downtrend..
AUDUSD DAILYAwaiting a break of the 50% fib for shorts to create a (higher low), before a continuation higher..
Short AUDUSD at 0.7838
1. H1 ascending trendline has been broken.
2. H1 Pullback .
3. H4 MA's cross.
4. H4 BB2.5 retested.
Entry: 0.7838
TP1: 0.7800 (RR1/1.68)
TP2: 0.7770 (RR1/3)
SL: 0.7860
AUDCHF 2HCTL Broken, higher high still waiting for completion. Resistance level now turned support ready for a continuation higher now !
AUDUSD - Short OpportunityLooking to sell this pair on the completion of this Corrective Trend Continuation Pattern.
EURAUD DAILYPrice looks to have broke its trendline to the downside confirmed.. Moving averages are looking to cross to the downside, & we may see a strong move coming shortly, watching for a potential retest or flag pattern to form for potential shorts
AUDJPY DAILYPrice is currently at daily resistance, I am looking for a retracement for longs or a daily break & retest above resistance turning support for buy opportunities..
GBPAUD 4HPrice making its 3rd touch to its downtrend line. Lower high completed as well as 61.8 retracement, now looking for a lower low to form. Price is at consolidation resistance, looks like it may be ready to short during the next 4 hour candle. Aggressive traders can take this if the candle closes below 1.73000 & conservative traders can wait for a break out of consolidation..
Possible drop in AUDUSDPossible drop in AUDUSD. It has formed an Ending Channel, and there's divergence in MACD. It could drop until the trend line, cause in diary chart we can see the price is forming a consolidation structure in long term. We'll see if it approaches to break it, or to bounce and still consolidating.
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Posible futura caída en AUDUSD. Se ha formado un Ending Channel, y hay divergencia en MACD. Podría llegar hasta la tendencia, ya que en gráfico diario se ve claramente que el precio esta formando una consolidación a largo plazo. Veremos si se acerca para romperla o para rebotar y seguir consolidando.
AUDCAD 4HFinally we have a break to the upside / rejections to the 38.2% fibonacci level. Next upside is at daily resistance 0.99000
EURAUD 4HShort term potential short as price is not at its channel resistance, looking to short back down to its recent lows. Watching how this next candle closes..
GBPAUD 4HPrice getting ready to complete its 5th wave down to the next level of daily support, where at that point I will look for a potential reversal. Price came back for a bit deeper of a retracement & is now rejecting a strong level of daily resistance / the 50% fibonacci zone.
AUDNZD DAILYLooks like price broke out of its bearish channel with a bullish engulfing candle, now we could see some more potential upside price action to complete the bigger picture Head on shoulders pattern where we could get a strong move to the downside from that point..
