Triangle in a bigger triangle in a bigger triangle in a weekly uptrend, expecting a fakeout to the downside and then continuation of this weekly trend.
TP for reference, but over couple weeks can be even more.
Price currently around a daily/weekly resistance support 1.6000
A trendline break has occurred with slowing momentum, indicating a trend change might be on the way. the 4H and 1H printed a bearish divergence with the RSI, now the 1H trendline and daily pivot are being tested. Entered after ECB interest rate decision around today's highs. Additionally if this one...
Price at 0.618 fib, rising trendline and long lasting 4h s/r already rejected + add on the dollar strength against everyone else
Daily candle printed a long tailed wick, rejecting this level 111.00
EURAUD moving in a huge daily range, daily rejected the top of the range with an engulfing candle and a rail pattern, price crossed the trendline and 50ema on 4h, then rejected the pivot with the 50EMA on the 4H and on the 1h and this everything is topped up by a broken wedge pattern printed on 1h.
Targeting bottom of the daily range
GBPUSD quick long and back to short, price now at a 0.618 fib retracement at 1.30 psycho level, as well 50EMA of the daily but bearish momentum is present with two huge bearish candles on the daily, weekly printed a bearish engulfing so no reverse at this time from a weekly resistance. Perhaps buying now as there should be some buying pressure at this level but...
