(AUD/USD) Price initially have broken the inner downtrend line & move into Buy Zone after create consecutive Higher Low & Higher High. In term of Fibo Swing Strategy, Price is reject & hold by CTL + 78.6% Fib Lvl. Current price is sustaining above Daily Resistance(NOW turned into DAILY SUPPORT), which indicates bias still in the buy zone. Any penetration to below...
Short Term Bearish of 90pips for Sterling Pound Yesterday price Break lower, today pullback for retesting. Price hold by Fib Level. Expect lower price around D's extension - 1.4784
- On D1chart, price consolidate into a descending triangle pattern - Price is strongly reject by Monthly Support with Solid Bull candle. - 2 possible happening scenario: - break to the upside or - break to the downside; All depends on price movement to either break above the descending triangle resistance TL or break below its support. (PIPs Range : approx 250 pips)
Upside target 1.35450 I got a pretty good risk : reward here, with a hold of price by tht 50% Fib level. I'm going long again. Cheers.
- Fib Rebound - Bullish Candle Breakout - MA bullish - Looking for D's Ext - Longer term target just below monthly resistance
- If price break above, upside target will be potentially around 1.11300 - If price break below, downside target will be potentially around 1.05500 monthly support or lower.
Looking to Long GbpUsd From technical point of view, market seem to range bounce in a 90 - 100pips range. As pinbar rejection from the previous support, it is potential for some pips collect to the upside.
Overall bearish bias, price rejection from TL (red) Daily consolidation zone (minor support) breakout and heading lower (LL) Potential downside target 1 - 0.69300 Potential downside target 2 - 0.68000
EU moving in a consolidation period for months. Currently have yet to show any clear trending direction, whilst price movement is slowing down into a triangle structure. Would like to wait price to breakout of TL before any trade entry. Upside potential target - 1.14000 Downside potential target - 1.07246