Short trade opened on FX:GBPUSD.
Upward trend line has broken. Price is now stalling around a previous daily demand zone.
- Pin bar
Price has printed a 4hr pin bar suggesting a potential reversal.
- Bearish Flag
Bearish flag pattern on the 4hr suggesting a short continuation.
The 1hr is still bullish so entry could be really early here but the ...
Long Bias on FX:AUDNZD.
Price has created a new demand area on the daily chart.
New Price Structure
Price is creating new HH and HL
Price has bounced off of the Daily 50% fib Level
Targeting -27% fib extension which is previous weekly supply.