Hello traders, so Ideally i am looking for gold to come up and test the downward trendline and then come back down to our long term upward trendline!. That is the setup I would like to see. It is in a small descending triangle currently as traders are looking to make their next move. We will wait to see what is to come next for clarity.
The US dollar is currently weak so im leaning towards an NZD buy with this fundamental knowledge but based on where price is currently we are in a consolidation area and orders are building up. I am looking within this consolidation a nice higher high to enter off of before the essential breakout. Nice risk to reward potential so def would want to be apart of this trade.
Morning All!We are in a an overall downtrend on NZDCAD. On the daily we can see we are in a nice ascending pennant its just about coming to its end. I will be waiting for a breakout to the downside on the 4hr then a retest to then enter a sell!
CHFJPY is in a nice downtrend on the 4hr. I also used the stoch/rsi indicator to confirm this move. Waiting for a nice pullback to then in return enter this move!
