AUDJPY will see bears for the month of August. At the end of the first full week of August, price presents a bearish flag signaling the beginning of the bearish trend.
GBPUSD will continue higher. Price looks strong ahead of the highly anticipated BoE statement. A bullish flag further confirms this trade.
US100 Sell idea. This trade setup is based on a bearish flag pattern seen on the 4HR chart. Let us see how price reacts from this resistance.
A bearish pennant pattern is emerging on EURCAD H4v chart. We can expect price to decline from here towards 0,58990.
Gold looking to fall to 1685 to create tripple bottom.
EURGBP is resting on major support line. We're likely to see a rise in this pair for the upcoming weeks..
My Weekly Analysis for Audjpy.. We'll see a rise on Eurjpy/Chfjpy/Gbpjpy. The Yen is has been performing poorly past weeks, likely to see another rise this week.. I stand to be corrected. Use same analysis and catch an entry on H1
SELLERS DON'T BE FRIGHTENED BY THE FAKEOUT. BE PATIENT AND LET THE MARKET COME TO YOU, DON'T CHASE THE MARKET. WAITFOR THE BULLISH BREAKOUT, ALLOW IT TO COMPLETE THE BULLISH TREND AT THE TRENDLINE, LET IT FAKE RETEST FOR A BUY, WATCH FOR A BREAK IN FOR A SELL AND WAIT FOR CONFIRMATION.
on H1 we observe a touch on the 50% zone and a little push to the upside..we'll be looking for a sell just below 81.688📉 Take profit around the 80.500- 80.100 area Sl around 82.200
expecting a little push to the upside so I'd look for sell entries around 80.238. take profit around the 79.000 - 78.500 area sl just above 8.700
My rule is, never trade a breakout and never base your entries on trendlines. Pure price action.