EURUSD hitting weekly downtrend resistance
EURUSD in 1 hour is inside a short term channel The RSI is giving us a bearish signal. The trend in 4 Hours is broken that can be a long signal. The price was not able to break the Horizontal resistance line in the 4-hour line. Now is not the time to take a trade it's better to wait for one of these two scenarios to happen: 1. If the price can break the support...
There seems to be a head and shoulders pattern.
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Supported by support and resistance and trendline
I will be shorting AUDCHF if I see Furthur bearish movement.
GBPUSD formed the double top pattern. If the price can break the trend line I will open a short targeting previous supports.
IF the price BREAKS the 1hr up trend line I will open a short position following the weekly downward channel. IF the price does not break the uptrend line I would stay away from AUDCAD and look for another trade.
Bitcoin is still in a bearish trend making lower highs and lower lows. I am selling the highs targeting new lows..