TheOnlyVince

TheOnlyVince

AUDUSD is currently in a nice bullish move after breaking out a strong resistance found at 0.8875. So far the price action is looking rather firm and decided to reach the next resistance found at the 38.2% Fibo retracement (@0.89347). We can expect a price exhaustion there and probably a reversal at the entry of this supply zone formed by the confluence of two...

TheOnlyVince

EUR/USD is currently evolving inside an Andrew's pitchfork. The price bounced twice on the upper median before heading south. The next strong support zone should be met at 1.2635 - 1.2659. The price should hover a bit on this support area before breaking lower and going to lower levels. My target is set at 1.2487 which corresponds to the low level posted in the...

TheOnlyVince

Looking at recent moves in Cable, we see a nice short setup. The price is now approaching to a supply zone made of horizontal resistance line 1.6151 and Fibonacci retracement (@1.6133) which constitute an interesting resistance zone where we can expect sellers to come in. My target is the following support zone found at 1.6029 - 1.6038 two distinct Fibonacci...