- I know what you're thinking, "You just posted EU shorts, why are you posting AU longs if they're correlated?". I just trade what I see regardless if they're correlated or not. I've seen sometimes AU and EU move in opposite directions completely and I've been in trades where I have been long on AU and short EU and won both or lost both trades....
EURAUD rejected the ascending channel support and brokeout above the pullback trendline resistance as expected from my previous analysis.
The market retraced and it's testing the 0.618 fibonacci retracement level.
Breakout above the minor pullback resistance could be a bullish signal ⬆️.
EURUSD rejected the 0.618 fibonacci retracement level + descending channel resistance.
The market broke down below the pullback support.
Potential retest of flip trendline resistance + fibonacci retracement levels.
Sell re-entry at confirmed bounce off the retest ⬇️.
GBPUSD brokedown below the uptrend support.
The market retested the 0.618 fibonacci retracement level + downtrend channel resistance + flip resistance.
Breakdown below the pullback trendline support could be a bearish signal ⬇️.
RSI breakdown confirmation 🔽.
CADJPY is testing the descending channel support.
The market is printing the inversed head and shoulders reversal pattern.
RSI printed a bullish divergence signal.
Breakout above the neckline resistance could be a bullish signal ⬆️