AUDUSD- Broke out of support level, went for a retesr which gave us a spike up which could be a false breakout. We are currently seeing price trading below the resistance level. We could see further sell on this pair. Another way to look at it is head and shoulders pattern with a break and retest of neckline
EURUSD- Here we have inverse head and shoulders formation. For those that do not know, head and shoulders are reversal signals. It indicates change in trend. We have been in a doen trend on EU so this could be a change in direction if we see a break of neckline.
USDZAR- Confluences are lining up on this pair. The overall trend is bearish. Price pulled up for a retest of our level with trendline. The current daily candle is forming a pin bar rejection. Wait patiently for the daily candle to close, if the daily closed as a pin bar, i will lower to smaller TF for my entry
Overall, we have a bullish structure on this pair but we have a short term bias to the bottom trend line. Currently, price is is approaching the resistance level which could be a retest but we need rejection before making a trading decision.
On the H4, We have head and shoulders pattern, we are looking for a quick intraday sell to the support level. Let us know in the comment section if you have questions.
Let us know in the comment section if you have questions
Let s know in the comment section if you have questions.
We have daily head and shoulders patterns, uptrend an a wedge pattern on the smaller TF. On daily, we also have double pin bar candlestick. We have a bullish bais on this pair, let us know if you have further questions.
WE HAVE A QUICK BUY BIAS ON THIS PAIR WITH OUR TP1 AT 0.899. There are confluences like price being in an uptrend, Price rejecting the support level in confluence with trend line and 200EMA. Let us know in the comment section if you have questions
Let us know in the comment section if you have questions
Let us know in the comment section if you have question.
Let us know in the comment section if you have questions
We need to see a break above the resistance level and maybe a retest before looking for a buy opportunity. Let us know in the comment section if you have questions.
Let us know in the comment section if you have questions
EURAUD- Price rejected the 1.58750 level which is confluence with 200EMA with multiple wicks and also a triple top formation. We have been seen bearish movements in the market since then. A lot of people might have missed the initial bearish move but there still might be another opportunity here. Wait for a slight pull back if we see one and take a short...
Let us know in the comment section questions