If the minor descending trend bounces off the major ascending 4hr trend line, then i see a possible continuation of the upwards momentum. If breaks through past the Major ascending trend line and also major Daily support line then i am in for a short.
I see a possible short coming very soon if price action does not break the minor descending line. I will wait for more conflunces until i make an entry on the hour 15m chart.
Hitting support multiple times. I'm predicting a long. We will see. Using as trading journal.
Will do a double top then fall to descending trend line overtime.
Currently in a bullish flag pattern. If it breaks past the line then im guessing it will continue upwards, but if it bounces off the line then it will fall to the long term upward trend line.
NZD has been struggling lately. I believe the Euro is strong currently. Daily looks like could fall a bit but overall long term looks bullish.
Starting to publish my ideas for a Trading Journal. Highly recommened it to see down the road potential of a history of trades to find and understand similar events/ news releases/ etc that could have affected the currency pair.
based on many hits then reverse i used those as zones. top is the new resistance zone then i believe it start to become a downward trend. Lets find out soon!
Just learned about zones, this is my assumption of the zones i think are in place for a downward movement until support zone. We will see! hopefully i am correct!
novice trying to see if i am charting correctly. looks like stopped short at the support line and moving upwards now. Please share ideas. Thanks!