Hi Traders!
The market fell down lastly aggressively.
It also made a Trendline, which was broken recently.
In addition, the market is moving in a Range.
Normally, Ranges are an indication for the one side to get weaker and
the other side to get stronger.
We recommend to trade with Risk Management!
Thanks and successful Trading :-)!
Hi Traders!
The market is in an overall Downtrend.
We'll start the Multiple Timeframe Analyis with the Weekly.
Here is it:
As you can see, we firstly had an Uptrend.
It made a Trending Move, then it consolidated in the wedge before moving higher.
After that, it came back all the way down to the Wedge Level.
Recently, it even broke this level too, which results...
Hi Traders!
The market is making higher highs and higher lows.
However, it is still in an overall Downtrend.
Before we start, here is an overview for the Daily Timeframe:
As you can see the market is in a light ascending Parallel Channel.
In addition it is soon at the weekly Trendline.
That means that we should prepare for another Upmovement, before we sell...
GBPNZD is correlating with my other setup of GBPJPY, in fact the entire GBP pairs are showing signs of going long in the 240 chart , price was in a mini range after the pullback, recently we flew out of the range and now price looks like it is holding on the other side of the range, i am looking for buy setups in the next few candles if the conditions stays like this.
I have been stalking this setup from last week, and the signs point to the upside, the buyers came back with big candles and the sellers have since been struggling to go down, price is currently in a mini range.
