EUR/USD: two 'High Wave' patterns in a row

EUR/USD: two 'High Wave' patterns in a row

1804eurusdH4 (1).png

The 34 Moving Average is acting as support. At the same time, there's a bullish 'High Wave', but confirmation of this pattern isn't enough. In this case, the price is likely going to continue moving down towards the 89 MA.

1804eurusdH1 (1).png

There're two 'High Wave' patterns in a row, so the pair is likely going to test the closest resistance. If a pullback from this area happens next, there'll be a moment to have a decline towards the Moving Averages.



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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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