Possible long entry: - Inverse H&S - Fib retraced - Could still be following weekly ascending TL Take the long upon retest of the neckline.
Possible long upon pullback in to support area. However, uptrend may be getting exhausted so be careful.
Wait for a possible retest before going long. Has broken the descending TL on daily/weekly closure, so could potentially be calling for a long. However, on the weekly basis it still has not broken the previous high, so be careful.
Possible sell entry on this pair upon break and retest.
Possibly entry: - GBP economy not so great - Market has started to become bearish, however could still move bullish if it is only retracing Will enter on break and retest of 4HR support, or retracement and retest on bearish TL.
Price has broken ascending TL, has retested and has started going down. Will be looking for a possible 2nd entry. The first short entry listed will be a normal entry, second short trade put on the chart is an entry where the stop hunting could go to. Price may not even come back to the wanted area as it has already retested and started moving down.
Possible reversal and bounce on weekly TL to become bearish. However, there is news on Monday for EUR and it may plummet before reaching this zone.
Possible entries on shorts for this pair. It seems like it is due for a drop. Look out for double top or break of TL.
Will wait for market to react before making a decision on the move.
Possible short opportunity upon breaking support and retesting.
Possible short upon retesting now formed resistance.
Possible short upon breaking and retesting support level.
Possible short if GU breaks and retests this support