As we can see a clear breakout of its previous trendline since 1st of November 2020. So now we suspect a test of its Trendline before a clear FALL
As we can see upper trendline channel, resistence level etc. so we are expecting a reversal near resistence.
As we can see a triangle according to line chart trend lines.
we can expect a range or direct test till its trendline. then we may find a bounce,,.
As we can see bears are active in market and market break its trendline and suppport level. so now it time for journey to LOWER SIDE
`As we can see AUD against CHF standing near its Neckline and support. So we can imagine an H&S pattern and 3 times HIGHER HIGH and divergence in between PRICE AND RSI. 1st view. If we enter in 2nd shoulder so our SL can be 0.68868. But we are suggesting to use SL little big so we can follow both view. 2nd view. If we expect an other high so we will follow...
As we see MARKET is still in upward flag pattern. So we are expecting a test near BLUE trendline. If market break FLAG then we will follow 1st RRR. If market test its trendline then we will follow the 2nd RRR.
As we can see MARKET is moving in up side flag pattern . We are watching a clear FIBO retracement AREA for rejection 1st view. If market break its channel without fibo test. Then we will follow SELL STOP RRR . 2nd View. If market never break its support then we will follow 2nd RRR with small stop loss.
As we can see market is following Trendline (Since 1-12-2020) And now now create a bearish engulfing candle stick pattern which confirm a bearish movemnet.
As we can see a H& S pattern in H4 time frame and also market already test 2 times its resistence level near its LEFT SHOULDER. Also market had broken its TL since 1 NOV 2020.
As we can see a head and shoulder pattern in H4 Timeframe for bullish run. So we will take a buy entry on shoulder test.
As we can see a flag pattern and TL test for bullish run. So we are expecting a long term bullish run after TRENDLINE TEST.
As we can see GBPUSD come back after the double top near its resistence and now break its close support and comming down near its trenline since 21-12-2020.
As we can see a BEARISH CONVERGENCE in H1 timeframe. This indicate a regular bearish move.
As we can see a uper trendline and support. We are accepting support test.
As we can see market is still down in a channel. So we can expect a short term reversal till its uper trendline. or can go down more till 0.786 level. Lets see what can happen. over all target is 12507.
MKT may reverse from its support near its trendline/.
MKT may test its support TL before long term reversal.