Major USD Pairs Discussion | Daily Market Breakdown

It's a good sign for retracements

EURUSD- what are the possibilities of continuing the buys, without filling up the imbalance.?

GBPUSD - double top formation at the 1.3480 will be more convincing for the pullback. But next week, will be best for the deep retracements.

AUDUSD - Price has created a clear bullish sequence to confirm it's uptrend. A good pullback will present good opportunities to join the buys.

For real. That's why they are good for Intra-day and scalps most time. If you have intention of holding trades more than a day, just avoid the Majors.

See how AUDUSD just rallied this week, after selling last week.

Price made a retest of the Major Key Support and rejected strongly, forming a bullish 4hr pinbar. Let's see how next week goes.

Next week should continue the retracement

EURUSD- what are the possibilities of continuing the buys, without filling up the imbalance.?

Maybe we will have to reassess our levels again

EU- This V pattern is often a potential double top pattern. and is often followed with a sharp sell drop. Let's see if it will do same next week.

Yeah. I didn't see the 4hr closure. That was another clue for the buys. as price was already resting on a support.

it's not looking it will continue dropping. But let's see how next week goes.

That's needed. However still watching out for a pullback.

AUDUSD- Price is still bound within a bullish channel. Expecting Buys from 0.7070 price level with SL below 0.7055

AUDUSD- Today's daily is closing bullish above 0.7080 a significant High. expecting buy continuations next week, after a pullback into 0.7065 price level.

GBPUSD- Daily Outlook
Bias: Bullish
Timeframe: D1
Technical View: Bullish channel.
Price continues its rally this week, despite struggling to break above the minor resistance level at 1.3550.

GU- With this Daily Candle closure today, Price has formed a second top signaling higher probability of sells tomorrow.

GU- I'll be expecting the sells down to the 1.3460 minor support level. The sells to that region can possibly take the remaining days of the week.