15 Dec Weekly Forex Forecast – Forex Technical Review (15th December – 20th December)
GBPCAD A big ABC using alternation in corrective waves, I can confirm there will be a major drop on this pair in the future, wave C. But for now we’re late on the buys, we will only buy if price gives a good retrenchment. You can join with our paid signal channel on Telegram we have been the most consistent reliable Forex signals service in world. Join us and change your life If you want daily profit then you can join with us and get 90% profitable trade always. For more info about our paid group > inbox us or select our service package Click here Forex Signal, Forex Trading , Forex Best Signal Provide
GBPUSD Due to the elections GBP has broken several trends and has risen beyond the norm till it has now found a monthly resistance. Starting tomorrow I expect to see a retrenchment which if conditions allow may take it down to it’s daily trend as shown on the chart in the green parallel lines. Another reason for this is the price rejection at the current level it’s at. In order to be extra careful I wouldn’t place a trade until I see a clear downward movement in price that will see GBP leave the monthly resistance zone downwards by a good number of pips, of course if it were to do this and retrace back up then that could invalidate the analysis if the retrenchment were to break the monthly retrenchment, but this is highly unlikely.
AUDUSD Hopefully goes up side for touch trend line. Then goes down for down trend line 0.68500
After what happened highs, it is now in a correction phase to the specified support point.
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