Price has broken through the daily trend line breaking the anchor on the daily.
Price is now pulling back to the 0.618 fib level on the 4H which is the buy zone.
Looks like this will line up perfectly with the 20ema which has been well respected as well as testing the broken trend line.
Good long opportunity up to the next resistance level
GBP/NZD is trying to break its resistance.
Forming a CUP pattern on the weekly pushing against resistance at 1.9144
Daily shows an igniting rising 3 pattern, this being a good bullish sign.
The 4H is currently in an ABC pullback.
RSI Bullish across all time frames.
Will enter this trade at the break of resistance.
Entry - 1.9415
Target 1 - 1.95606
Target...
Price is testing resistance level now, however price is extended on the 4h
Looking for a pullback to form the right shoulder of the inverted head and shoulders pattern.
Weekly is in and uptrend with the daily looking to break the anchor from its downtrend.
Looking to enter trade on the break of the resistance level (blue line), looking to see and ABC pull back...
Looking for a continued short in the AUD/NZD, Daily is continuing down within its channel.
4h is performing an ABC pullback in a triangle formation, a break of this will show a continuation to the downside.
Will be entering the trade on the break of B wave, short trade down to the support level where i am expecting a bounce
Both weekly and daily are in down trends
Starting to form inverted cup with handle on 4H chart
we are now approaching the support level at 0.68617
Looking to enter this trade only once support is broken
Trade will only be active once level is broken given us the buy signal, we can the set target for the next support level
NZDJPY broke a key resistance level, at the moment we are extended away from the 8ema so we can expect a small pullback.
Next level looking to target is 77.20
We are now having a pullback down to the 200ema, this will be a quick 50pip short to the down side, after this we can expect to see a nice move to the upside.
