


enigmastrategy
About to enter this and ride the wave out.
Looks to be respecting the trendline wait for EMA confirmation. But looks good to enter bearish pinbar, 50 EMA crossover.
Waiting upon confirmation of another spiked out candlewick of a fake bullish flag pinbar before entering the short position to continue the trendline.
EJ short analyses on the M15 timeframe. Upwards momentum has slowed down expecting to see a burst of bearish momentum within the next 24 hours. Tight SL.
Bearish Pin Bar and Bearish trendline indicating a further push south on the M15 confirmation would be for the 50 EMA to rise above the candlesticks. This is my current take on it.
GBPNZD is in a ranging market here on the 4H if it breaks below this ranging market I can see a continuation to the next support price.
Short position based on key support and resistance levels. With room for a risk free trade trailing a stop loss if it breaks the key support at 82.35.EMA also supporting the change in momentum and continuation of a downtrend.
Simple rejection off the 50 EMA. Respecting the trendline, expecting to see a continuation of the downtrend.
Triple topped on the hourly. Key Resistance in a ranging market. Check the Daily timeframe for even deeper confirmation.