Freeforex
GBPNZD LongHi traders,
As we can see here GBPNZD reached our ressistance, broke above then already came nicelly to retest the area.
scaling to 2H TF you can spot a double bottom that has been formed at the support area(Previous Ressitance).
i will wait on market opening the pair to reach the 55% of fibbonaci to enter Longs.
NZDCHF SELL IDEAHi Traders.
here we have NZDCHF moving withing a chanel.
trendlines have been respected and also the pair is sitting on 1D TF ressistance.
in 1H TF buy tried to push the price up to broke the ressistance area but they didnt succeed and a bearish candle has been formed.
this could indicates that the sellers are taking control, i will wait for market opening to see how the price will react.
XAUUSD IDEAHello traders.
Gold has been spiked down and up very quickly in 1 day.
we see a respected support area as pointed on the chart.
we have 2 touches already and also a Descending triangle has been formed.
We are waiting how the price reacts on the support area and will look for a buy or a sell , depends on if the area is going to be respected or not.
AUDNZD IDEAHello again traders,
here i wanna share my thoughts with AUDNZD...
a lot of possible movements are coming next week.. i see mountain pattern in high timeframes which i think if its gonna be respected on the pointed area the price will go down.
else i expect a movement to upside a breakout of the area a retest and then a movement to the upside..
what do you think on this one ?