GBPUSD - We have seen a 4H trend line break and retest. Price is struggling to break through the resistance level and has created a triple top formation
Daily & H4 timeframes show a nice ABCD structure forming, We've seen a head and shoulder pattern form at the 1.618 level and a break and retest of the neckline. Price currently creating lower highs and lower lows and has just formed an evening star.
Price has reversed from the daily descending trendline and have seen a break on the ascending trendline on the shorter time frame. We have entered at the bearish candle formed at the resistance but second entry would be at the breakout of the corrective...
Daily bearish indication. M30 break of ascending trendline and awaiting the break of bearish corrective structure to go down towards fibonnaci levels. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- For more analysis like...
XAUUSD H1- I've changed my stance on xauusd, you can see the price has met the 4 hour trendline and proceeded to break the short term upward trendline. Price is on its way down towards the lower trendline of around 1430. Currently at a resistance level so will need to have bearish confirmation before entering.
Buy at the retest of the 23.60% level and TP at the 38.2% level.