Daily price is on bear market rally, and weekly price is on bearish ranging to be started this week. Some most likely scenarios for the price movement are the following: the price will continuing with the bearish trend, orprice will go to the bullish reversal area to be reversed to the ranging bullish market condition. D1 price is on primary bearish with the local uptrend as the bear market rally: price is trying to break 1.4648 resistance level to above for the rally ...
GBP/AUD: bearish ranging near bullish reversal waiting for breakout. Daily price for this pair is located near and below Ichimoku cloud and Senkou Span line which is the border of the cloud and the virtual border between the primary bearish and the primary bullish trend on the daily chart. Symmetric triangle pattern was formed by the price to be crossed for direction, and Chinkou Span line is in the crossing the price to above for the good possible breakout with the bullish reversal. There are 3 ...
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