Price has closed above major support. As a result, I see price hitting the 120.50ish resistance and then continuing its decent to at least 116.30.
Daily TL area has been touched after a big bullish rally on this pair. Looking at the 4hr the last few candles have been exhaustion candles signalling a possible short as price retraces. Stops will be a few pips above the TL
Daily double top with price not being able to pierce through the 2.0600 area It may be a case where price only hits around 2.0420 and then bounces off here to carry on its bullish long term trend
4h doji hinting a reversal + indecision Daily double bottom with previous touches on current support level Price failed to break 94.00 which is a psychological price area
EURUSD currently on its way to the 1.1400 target. I expect there to be a retracement in the coming days as the pair has been very bullish for the past week. May be looking at further targets, but will stick to the initial 1.1400 price for now
After a bullish run recently on the daily, we could possibly see a continuation of this run. This could be triggered by the AUD news at 2.30 am GMT. Lets wait and see... Potential 1st target 0.7560 for a retest of major resistance
Currently on a 3rd touch of the monthly TL Could we see a bullish run on AUDUSD ?
Doji on the 4hr at support showing indecision and possible reversal. Also could be a potential double bottom. 1st target 0.6740 with SL just below the support area. Always do your own analysis before following anyone else's !!!!
Potential continuation of the bullish run in the morning either during the 6am 4 hour session or 10am. Structure has started to form (bullish run, retrace, now waiting for another bullish run) 1st target is 1.5690 Lots of potential for price to eventually go beyond this. Will analyse further once initial target has been reached
Gold is currently consolidating as buyers and sellers fight for dominance in the market. There could be a possible retest of the weekly resistance that was once support at around 1140, or price will continue to drop after a break of support at around 1080. Let the market take its course and wait until an opportunity presents itself. DO NOT force it !!!
We have now seen price touch the yellow TL 4 times, just above major daily support at 1.0800. We now expect to see price rise and break through minor resistance at around 1.0920. Price may have initial difficulty breaking through the next resistance area at 1.1020 but it should not pose a significant problem. 1.1400 is the goal and should hopefully be reached...
Bullish head and shoulders forming (just waiting for the right shoulder to fully form at this point) Bounce off support at 1.0800 3rd TL touch also at 1.0800 Still closing above support at 1.0920 Daily inside bar yesterday Stops at 1.0885 TP at 1.1400 (but could possibly break through resistance)
Bearish h&s with price also struggling to pierce resistance at around 194 (which is also a psychological price area). Confirmation of the h&s pattern will be once it breaks through the support area at around 193.30. Overall target will be 191.80