edramlan

edramlan

Why it is BEARISH? it seems that there is a not so typical head and should being created which is bearish. price already penetrated the h&s neckline. there is a support line since the end of Aug-18 that had been penetrated and the line is now act as a resistance. there is a pullback to the resistance line and attempt to break it however it is failed...

edramlan Updated 

GBPNZD ready for pullback? There seems to be either a triple bottom or inverted head and shoulder in the 4 hours chart. Yet to confirm since price yet to penetrate neckline. Volume seems to be higher on the left side compared to the left. Expect the pair to pullback to at least the resistance line. fb.com

edramlan

Why it is long: Double bottom and bullish divergence Price currently within ascending channel There seems to be a higher high and higher low Bullish key reversals showing at the support of the channel For more details please visit: fb.com

edramlan Updated 

Looking at the daily chart, the pair might be in the process of creating inverted head & shoulder. It also shown a bullish divergence. Even though it went lower after BOC decision on Wednesday there is no follow through. Inside bar emerged on Thursday and on Friday the pair move higher with key reversal. A key reversal created on Friday is not really reliable...