Due to #Brexit the GBP could continue uptrend in anticipation for a massive sale closer to deadline day. At the moment we can expect to complete a pullback before rallying upwards creating a new range. OANDA:GBPUSD
Following reversal around .25 we see a triangle pattern being formed. 24/12/18 we saw a breakout with a new high around .273 Pullback saw resistance at .267 become new support. Here we buy expecting a long breakout. Target 1: 1.27 Target 2: 1.273 Target 3: 1.28
- No major new highs since strong downtrend - Retesting .72400 region - False breakout may reverse price back into previous resistance - May continue reversal from weekly downtrend at .73900 - Target 1: 0.71900 - Target 2: 0.71600 - Target 3: 0.70900 - Stoploss: 0.72350
Price expected to breakout of ascending triangle pattern.
Here we see two options; 1) a Long opportunity using the Ascending Triangle Pattern. Here we will wait for an upward break back into the support line. We then anticipate a rally up towards .72800 and prepare our entry and exit strategy. 2) a Short opportunity using the Double Top strategy. Price retests resistance line twice but is rejected back to...
Expect double top forming at resistance. Rules: Crooked Shoulder Sell at Resistance Following Trend (in case of False Breakout) Alternative: Double Bottom at .70542. Closing Descending Triangle Buy at Support
Following an expectec 'ascending triangle' breakout at *Target 1* the price would be expected to continue its bearish trend up towards *Target 2*
Using support and resistance line I can see that the price is current trading within a range using its previous resistance as support. Target 1 marks the top of the range where slight resistance is expected.
Currently recovering from a false breakout, xmas period due to channel bullish movement before continuing downtrend.
Following to target reached in the attached analysis, AUDUSD should complete ascending channel before any major reversal.
After multiple retests and a fall breakout around 0.68400 we can expect a new bullish trend towards 0.71000.
AUDUSD has reached both of this weeks targets while still holding a fair amount of momentum.Once again we have reached our familiar reversal zone that showed SUPPORT in early November then Resistance in late November and Early December. According to our MACD indicators we can expect a bullish divergence allowing the price to break through our targeted resistance...