usd/gbp seems to create a divergences as well has creating LH's and LL's on the 4hr timeframe.
Waiting for price to create another LH so I can enter short at that moment. The reason I've placed my trade there is because 50 ma holds that level very well so I am hoping that price reaches 50 ma and drops.
On the usd/eur setup, I see price has reached a minor resistance zone. Delving into the lower timeframe, I see price makes a minor ascending channel with HH's/HL's.
I am hoping price touches resistance zone and reaches first take profit.
on the gbp/usd I see a potential bullish set up while applying support and resistance lines. I see possible retracement towards newly formed support zone which has been tested before from previous data and I believe price will retrace towards the 0.618/0.7 level before shooting off. Price than formed an ABCD with D being the final confirmation of the pattern.
price is in a symmetrical triangle while going through a consolidation period.
On the lower time frame, price seems to be reaching a resistance zone while creating HL's and HH's. I am waiting for price to retrace to the newly formed minor support zone to create a new HL so that I can go long until than.
On the chart today, price makes a consolidation period after the accumulation period.
Seems to be a lot of range movement between support and resistance and then price decided to create a rising wedge which created a minor resistance zone. Waiting for price to drop lower towards support and place a buy order then.
Price is in a descending channel with price consolidating for a brief moment.
on the lower timeframe, price seems to have created basic support and resistance zones/levels which any trader can capitalise on. Waiting for breakout to confirm bearish bias.
on the gbpaud, there seems to be a clear downtrend with price consolidating just recently, I drew u potential resistance zones from the previous triple top and hope price drives lower. Also, the weekly retracement zone of 0.5 from previous high indicates price may drive lower as well.
on the weekly and daily, I have seen price is in a ascending channel with price retracing to a support zone inline with the fib retracement of 0.618. On top of that, an inverse h&s appeared as well which is inline with the analysis as well.
eurjpy is in a descending channel consisting of lower highs and lower lows. Price seems to have reached its first resistance zone. Resistance zone was previous support from past data and has now been broken and turned into a newly formed resistance which adds to the continuation of the descending channel.
on top of that, price was in alignment with the fib...