1. The Day Resistance has been reached 2. The Nzd currency has broken down whitin a smaller timeframe bearish pattern inside a larger timeframe bearish pattern 3. The Aud currency is moving upward as a correction whithin a larger timeframe downtrend. 4. The price action is showing wick on the top.
1.Pullback to Fibonacci 0.618 Level If the market is in an uptrend, it may pull back to the 0.618 level before continuing higher 2.EUR Currency Double Bottom This pattern usually signals a bullish reversal. 3.GBP/JPY Long Position If the price is pulling back to the 0.618 level, this could be a good entry point.