Price moving within a corrective pattern towards a resistance zone
Head and shoulders pattern breakout
Daily candle breakout from the pattern
50% fib level rejection with bearish pin bar
Waiting for a LTF correction (pattern to form)
GBPAUD analysis overview-
Monthly closure - bullish engulfing, giving me a long bias(long term) for the time being
Weekly chart - bullish closure with a significant bullish rejection (long lower wick), can potential start ranging if reject from the resistance level ahead
Here we have AJ on the Daily Chart.
Price has been respecting this trendline and is currently pushing higher towards the 85 whole level in price that has acted as previous resistance. We are very overextended on this pair, with AUD strength and JPY weakness across the board for months.
Lets see what happens on this pair if we hit the 85 level!
Price has broken this ascending structure and we can see is retesting the bottom trendline.
Is this the first indication that price is reversing on this pair?
Lets see if we get fundamental confirmation!
We've seen a lot of positive news surrounding COPE recently. Of course Crypto took a turn for the worst yesterday, but where will the asset class head next?
COPE is currently at a key level in price. We can see price has respected this level as both support and resistance.
Will this level hold and price bounce?
We've seen UCHF pull back recently. Price currently residing at a key level of support where price has bounced off previously. We have seen bulls sitting at this level.
Will price make its way back up to our middle key level following our price path?
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