High possibility for a reversal on this pair. The bullish trend showed some weakness thru the bearish head-and-shoulders pattern and a breakout below the support.
A bearish head-and-shoulders pattern has already been printed. Currently, the price break out below the support and already retested the key level.
The price is currently near the support level of the channel. If it breaks the minor key level, the price might continuously push up to the resistance level of the channel. Always wait for your entry trigger!
Currently, the price is on a key level of the H1 time frame. Possibility is that it might push continuously towards the resistance at the H4 time frame for a retest.
Moving to the lower time frame, I've illustrated the possibilities on this pair.
For the past week, GBP/USD is on an accumulation stage. I will probably open a short-term buy entry once the price is rejected on the key level.
EUR/NZD shows a strong bullish trend pushing towards past months resistance level. A long entry would be good after a breakout above and a retest on the area of value.
Rejected once, price will try to retest the resistance I determined on the daily time frame. Look for selling opportunity once the price shows some weakness. However, please be reminded on a possible breakout. Always wait for your confirmation before opening any trade.
I approach this pair short as you can see, there is a price rejection on the resistance level. High favor on the downside. Thus, I opted for a short-term sell entry.
Currently, price is struggling to break out above the key level. Perhaps, I'll go for a short-term selling opportunity for this pair.
As you can see, a build up is formed just below the resistance. Watch out for a breakout above the resistance. I highly suggest to wait for retest on the area of value before opening a buy entry.
Price rejected at the support zone. A buy entry trigger by a bullish engulfing candle. I'll go for a short-term buying opportunity and take profit on the nearest previous swing high.
High possibility for a price breakout on the current resistance level shown by the build up formed on the level. A buy entry after a pullback or a retest on the level is highly suggested.
Possible continuous bullish trend for the EUR/NZD. Price consolidation after a pullback. Possible take profit on a previous high on the H4 timeframe.
Price was rejected on the recent resistance. It is possible for a fall back and retest the support.