The AUDUSD is in a bullish trend channel that has been confirmed many times. I predict that the price will hit the top line around the fifth of February.
The bullish trend channel's top line confluence with an ABCD pattern and a support line from an earlier top.
I will short the AUDUSD at 0.81842. My stop-loss will be at 0.83149 and I'll take profit at 0.81842....
The EUR/USD has now topped with two head and shoulder formations and are on its way down.
In a short timeframe, we are seeing it in a strong downward trend. It has already tested the trendlines several times and will in the next 3 days test the upper line again and then continue down.
In the big perspective we will see it going down with 2-4 consolidation areas,...
