There is a possible opportunity here based on a triple top, and harmonic pattern.
I am looking for a turn to the downside as resistance is tested for a third time. If it breaks to the upside beyond .8800, I will wait for the pullback and enter long off the retest.
Not trading this idea as there is no confirmation. There is some sentiment that the pound has...
AUDUSD I am longer term bullish, monthly up-trend line support
During the week we saw a breakout of resistance on the 60 minute and a retest Friday
This level approximately equates to the .5 retracement of the weekly up move
8 Hour chart shows a potential wave 3 in formation and FIB projection points to a move up
Waiting for open to see the way the pair plays...