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Stinfx

GBPUSD Monthly Outlook 01/11/2017Cable has been respecting the ascending Monthly trend line as highlighted with lots of Higher highs being created. This month not only was the ascending trend line respected and rejected with a very long wick, we also closed above the Descending trend line. on the lover time frames we have a strong 0.618 retracement on the Daily. I think we could see the pair rise to test recent highs at the 1.34000 level and possibly even a retest of the 1.40400 area
Long
by Wonour
AUDUSD Monthly Outlook 01/11/2017New month new candle close on the Higher timeframe. AUDUSD closed and rejected my Monthly key level. This along with the continued Higher high closes and continuing to respect the ascending tend line makes me think we could see a retest of the 0.8100 level. We also have had a rising 3 candle formation on the last 3 months (I think that s the name of the formation correct me if i'm wrong) and we have got a couple of fib confluences with the 0.618 lining from a monthly high key level to low, also a 0.32 swing low to high fib. Also possible wave 4 to 5 just to mix things up even more see what happens around the 0.77200 level first.
Long
by Wonour