Consolidating Thursday presents us with GBP/CHF & AUD/USD

Hey traders,

let’s hit the charts:

 

 

1. GBP/CHF

I see a breakout on the GBP/CHF after a long-standing descending trendline which served as a resistance level (1.25549)

I would be looking out for a bullish confirmation this Thursday before hitting the BUY button, and my next possible resistance level would be 1.26435

 

 

2. AUD/USD

The AUD/USD still has an overall bearish outlook, but we may still have an opportunity to make money as buyers.

We can see a reversed head and shoulders pattern formation and a broken neckline which signifies that the bulls may be warming up to take price to the next possible resistance zone before gassing out

 

What say you?

For those who are interested in joining our FREE trading group on Telegram, where trade ideas and trade-related topics are discussed, which could assist your trading career while being infected by positive vibes

hit us on Pip Crafters

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

error

Enjoy this blog? Please spread the word :)