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Decided to switch things up this and doing some analysis on another pair.
Price is at an interesting monthly level on EURAUD (the blue box, which is the top zone of the monthly range that's been going on since January 2014); a break of this previous high zone could open the way up for this pair which could potentially retest the 1,72 level before opening the all ...
Gonna be pretty simple this week as I'll have the same scenario on my radar for this pair this week.
After move down since this morning (T1 hit on short for +33 pips and trailed stop at +24 pips price about halfway through T2), price is now at weekly support/resistance level and will see what it does here : if break down I'll add up to my position if providing ...
After a great week on this pair her are the scenarios I'll be looking into for next week. Weekly levels of support and resistance haven't, and last level of daily support got broken on friday and stopped at the weekly support level at the 1,3030 area. On this tradingview chart, price didnot close below the weekly level area, on my broker, the candle closed below ...
After sharing with you guys last week, what I would be looking at on the EURUSD, sharing the scenarios I will be looking at this week on GBPUSD.
After a very interesting looking weekly candle on this pair, I have an overall bearish biais that already started benefiting me last friday with a 2 targets winner (+215 pips & total 5,83 Risk to Reward ratio).