Here is AU on the 4HR Chart.
First analysis from us for the week ahead!
Lets see if we can get a break of this support with potential USD strength incoming?
How will this one pan out? Remember, wait for confirmation in line with your personal strategy!
Bears have taken over this market as USD strengthens across the board. Could we some retracement and rejection at our long term key level to enter a short position in line with the HTF trend?
Lets see how price pans out during NY.
Market Update. Bears continue to take control of this market. We've tagged our HTF key level and we're seeing a bounce. We still may see USD lose some gains on the week during trading today. Be careful with the NFP data released today.
For our potential break and retest trade setup - we didn't find a retest for our entry. However, one may come next week if USD...
We can see we predicted a break of this level and a pullback up to test the level as resistance.
We have seen this. Lets watch and see how price reacts at this level. Will we see further downside movement off this level?
We can see price has now reversed - we expected dollar strength and this is what we're continuing to see through London this morning. Lets see how price develops on the pair through New York in around 4 hours time.
Identify key trends, key breaks, key structure levels. We're expecting more downside movement on the pair.
Happy Trading! Hope you all have a great...
Good afternoon traders, hope we all have a great weekend. Here's what GBP/USD is looking like heading into next week.
We can see price tagged 1.37 forming a triple top formation. As expected, bears enter the market and take price down over 100 pips in a 24 hour period.
Will USD strength continue into next week? Could we see price test 1.35?
Fibonacci hit a D at 1.0350 almost to the pip, a new fib has formed.
Expecting a move up to 1.0460, where the dollar strength will resume and push down to new lows and to the 161.8% extension at 1.0150