GBP/USD has broked it down and testing the support line right now.
Usoil is testing big resistence line in monthly time frame. And I can see is that W-pattern have played out as you can see, i have marked it in the analysis, whic i expect it to go down and Complet the W-pattern. I toke Fib ret. From bot to highest and it looks like the W-pattern can play out becus of the Fib Ret shows 0.5 at W-pattern zone. And another reson...
If you look at the bigger pictuer etc : mothly time frame and you will we that we are in a downtrend which we are currently doing a retecment. Just be aware of it. Right now there are two senerios which its keeps contuione to be bullish untill it hits the strong line of resicenten and then fall out or hit the weekly resiscetens and then fall out.
Maybe should start to look at the usoil like this
New trend ? the usoil have consilidated like for two weeks now and no one paying attention to this?
In my analys i expect this M-Pattern play out. Right now you can see at step 1-Im waiting for a shorting confirmation, and then short it. 2. After shorting it , i will TP at Right leg of M-pattern. 3. When the M- Pattern is completed, i expect the a pump to upp side. At this case i will wait for the long postions corfirmation and then long the pump to the uppside.
A big movment incomming for ETH? if this happens we can se new ALTH for ETH
I expecting this right now, that gold goes down and restest the resisten and afterwards IF it fail and fall below the reisten, then i will wait for a bearish confirmation and then take my short postion.
usdcad testing high resistans. I will wait for 4h time frame to turn from bullish market to bearish market and after that i will take a short postion.