NZDUSD: Two sides?Hey guys! Found a potential trading opportunity on NZDUSD! So price rebounded from trendline support, but 0.68842 is a pretty strong resistance on the Daily chart, so you may want to watch out for that.
Personally, I would go for a long AFTER it breaks through the 0.68842 resistance and go short if it breaks through trendline support and retests it.
Let me know what you guys think! :)
Goshort
GBP/JPY SHORTRisky set up coming into key 155 level. Could have waited to see if price breaks below this level before entering.
Price going below the key 160 and showing strong downwards momentum. I can see on the weekly and month that there is much lower to go.
Price is still making lower lows, and lower highs. Got some news to trade through, although on the surface this may help push the trade further in the dowards direction with current economies.
CHFJPY ShortFinally a win.
Weekly was making lower highs and lower lows - great downward trend.
Downward trend had broken then longer term underlying monthly up trend.
Took the trade off the 4HR - Saw a mini head and shoulders pattern emerging and thought Id risk getting in early and the formation of the top right shoulder.
CAD CHF SHORTLooking in from the monthly, weekly, daily, multi time analysis is suggesting and showing a huge strong
down trend
macd divergence. Got CHF CPI news coming up - up that is good and will help out our trade.
Price has broken key .7000 level.
TP Set at .69200 - will watch and may manually move to .68800 if there is strong momentum