NZD/USD reversed from support zone Next buy target - 0…
EUR/GBP: euro got stuck
BUY 0.8835 SL 0.877 TP1 0.8935 TP2 0.9015 TP3 0.9045
SELL 0.87 SL 0.8755 TP1 0.86 TP2 0.8525 TP3 0.8425
On the daily chart, EUR/GBP keeps forming the senior and the junior “Spike and ledge” patterns (ranges 0.87-0.9015 and 0.87-0.8835). the failure to break above resistance at 0.8835 led to a formation of a pin bar. A decline below its low will increase the risks of consolidation.
On H1, EUR/GBP is forming a “Broadening wedge”. To trigger it, it will have to decline below support at 0.87. On the other hand, a successful test of resistance at 0.8835 will increase the odds of a “Shark” pattern.
AUD/USD reversed from support area Next buy target - 0…
We had a 'Three Black Crows'. So, we should keep an eye on the closest resistance at 110.30 as a possible starting point for...
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
We've got a pullback from the nearest "Window", so there's an "Engulfing" pattern. In this case, the pair is likely going to...