GBPUSD created a break below an upward trend line and then pulled back to find the supply zone at 1.237 a close below 1.235 confirms a short trade
Formation of a hammer at area of resistance with the RSI indicator oversold confirms a weak market with hence a significant drop ahead of the London session.
Formation of a double top pattern at an area of resistance confirmed by the divergence in the relative strength index.
A head and shoulders pattern formation on the hourly time frame with a break fo the neckline and a confirmation to buy on the 15min time frame
GBPUSD has created a change in character to a selling Bias by breaking various structural levels on the hourly timeframe, And currently pulled up to 88.6 FIB level where have a un mitigated Supply Zone. formation of a double top confirms entries short.
general trend outlook is bearish. Price broke below the upward support trendline. and changed character. demand tuned to supply. Pennant pattern formed
TRENDLINE BREAKOUT STRATEGY Supply zone breakout intiative
Breakout of a triangle continuation pattern Demand in control
Gold moving to an area of interest for a buy setup with reason; Demand zone between 1627.43-1617.38 Impulsive move with a pullback to form a cypher pattern. If price moves with bullish confirmations within the D point of a CYPHER we buy the setup
Double bottom setup on GBPUSD around at an area of strong DEMAND could possible push prices towards 1.128 levels
An XA implusive move is followed by a retracement of the XA AT point B which is 0.733 of XA and a entry point point D at 0.786 of the XA movement at 2.091. target levels at 1.9577
A retracement in form of a handle inginites an implusive move towards 164.215 levels
A successfull retracement on the EURJPY has ended into an inverted head and shoulders pattern on the hourly time frame that is yet to confirm and run bullishly above 145 levels on EURJPY
Breakout on the AUDUSD bearish Flag pattern possiblly will push price towards 0.6265 LEVELS
Golden buy opportunity with an entry at 0.67175 and an expected push towards Our point C of the cypher pattern at 0.69040
On BTCUSD, price did auction above the resistance level at 21840. The Breakout above 19500 Psychological level called for a pullback to the region of which is in confluence with the 61.8 fib level. price has formed a Bullish high frequency candle that indicated price is to change to the upside towards 23000.
All factors kept constant with the upcoming economic new on GBP and CAD, a price break out of the falling triangle to the upside indicates a bullish run in price towards 19500. A close above the 20 Ema and formation of a high frequency candlestick which is a perfect entry.
AUDUSD is bearish in the daily timeframe and presents high bearish frequency bar after crossing below the 20 ema