You can see over the year we have been trading between the two main support and resistance. From price action you can see this market is starting to lose momentum trying to break through the resistance barrier. Bearish candle sticks and short term 2 hourly trend line has been broken. Think its time the pound dropped!
let me know what you think!
As we can see a bullish engulfing candle stick on the daily chart that has bounced off the 20 MA and following the long term down trend.
Hoping for this to go back to the 0.73200 support level let me know what you think
I think OIL will drop from here we see a double top pattern form and on a daily chart a double tweezer pattern. It has also respected the down trend line and as we have confirmation due to price action i think this has the potential to drop 400-500 pips.
Let me know your thoughts!
I can personally see this pair having a massive drop. We see it finally breaking through the trend line which has been tested on multiple occasions over the last couple of months. Also i can see a head and shoulders pattern form on the daily chart which has now broken the neckline. Price action has been very bullish and i can see this retracing to the trend line...
We finally see a bearish break out on the triangle which moved to the support barrier at 1.36000. It has retraced and failed to break through the triangle with bearish price action showing.
I see this pair moving down to 1.34500 area.