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#gbpusd
drops below 1.3000 after UK jobs data.GBPUSD is dropping below 1.3000 in the European session, correcting further from the 2024-high set at 1.3045 on Wednesday. The UK data showed that the ILO Unemployment Rate held steady at 4.4% in the quarter to May, as expected, weighing on the Pound Sterling. Pound facing a strong horizontal resistance and weekly supply zone. Price near the zone a slightly bearish and after hitting completely we may see a good drop down towards the channel vertical support. Although price doesn't not hit properly the mentioned zone a sharp entries may create more risk before hitting the zone. Channel vertical resistance is also ready to move the price downside in coming days.
#audnzd
Near a very strong horizontal resistance and completed its 61% fib retracement correction. For the last Two weeks continuously price is moving just in one side without any correction phase. And chances are higher near the solid cluster resistance we may see a good fall Towards the initial support zone. Price is just stop near the zone after Soo many pushes this setup will only be valid until price is under the fib retracement. More consolidation near the zone can give more opportunities in coming days.
#usdcad
Near the Resistance becomes support area. Price has broken all fib level yesterday in 4H timeframe and stopped near the support zone. As it touches the zone sudden spike upside can be seen in daily and small timeframe. After Retest of major zone a bullish momentum towards the horizontal resistance is expected. Price totally moved in horizontal range for the last two months and in coming days movement in range is expected.
🔼Pullback to the upper channel area in #EurNzd and target hit 🔥
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#nzdjpy
Price is showing a little weakness after creating a reversal pattern of rising wedge. Although all the Jpy pair are very risky in these days until the BoJ intervene in the market. As the pair struggles to surpass 99.00 and started correction towards the support area. And There is another reason price showing weakness after RBNZ kept rate unchanged. After the this decision a strong bearish can be seen in the pair. A retest of pattern is expected and after this we may see a good fall towards the support area.
90 pips running ✅
Close half lot ✅
Move the sl to breakeven ✅
25 pips running ✅Move the sl to breakeven ✅
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#cadchf
Price has formed a structure of impulse correction impulse. As we can see price has formed recently a trip top pattern and after the breakout of neckline a good bearish impulse has created. Bearish impulse almost end near the weekly demand zone and started correction phase towards the golden fib level. Now pair approaches a very strong level and 61% fib retracement and chances are higher we may see a good reversal another impulse towards the support area. Support becomes resistance zone also can push the price downside.