some sort of pullback can be expected after yesterdays drop. once the retracement has been completed we can continue the downside momentum.
Retest of the 1.31 resistance and further drop if the resistance hasn't been broken.
EUR/AUD retested it's trendline, if the trendline keeps it strength this pair might go up.
Daily candle closed below the 0.70500 Level, currently retesting this level and anticipating further downside movement, 0.69300 seems like a potential target. R/R: 1:7
last night this pair jumped about 80 pips to the upside due to the Australian news release about GDP, It looks like the pair is rejecting the 1.87 area once again so we can expect a push down as of now. TP 1: 1.85000 TP 2: 1.84400
the pair failed to close above the well respected level. hence we can expect a push to the downside.
over the last few days the 112.00 level had a few rejections, hence we can expect a pullback to the trendline before continuing our upside movement
Since September 2018 this pair has been forming new lower lows and higher lows . As of now, there are many confluences that may show some further downside movement. the pair is reaching the 61.8% FIB, which is exactly at the resistance trendline. This would form a new HL
we've seen some pretty descent movement to the downside the last week from Gold. Now i'm anticipating a test of the 1779.5 - 1776.5 zone which could lead to reversal to the upside. The 61.8% and 50% FIB are descent targets for the pullback. Once these zones are fulfilled we could be in for another move down.
hi! after a clean break of the trendline we are now seeing the retest of the trendline, in anticipation of further downside movement.
If price action fails to break the resistance we could see further downside movement.
Low leverage. SL: 0.9015 TP1:0.88 TP2:0.875 TP3:0.862