Higher time frame shows an obvious rejection at the trendline test. When we move to the shorter timeframes we can see the ctl is about to be breached. An ideal scenario is a break, pullback/retest before the final bearish leg down.
after the multi pip drop in nzd crosses due to the fundamentals, the markets have breathed and nzdjpy is now hitting resistance ready for another bearish leg.
breach of trendline, waiting on the touch of the demand zone
Strong bearish momentum from the euro, hoping for some sort of retracement to the trendline exit before entering trade, TP@ 0.852
Clear rejection at the fib level. Aggressive entry before trendline break.TP @1.489 SL @1.51026
Looking to short from top of channel, monitoring PA for further bearish momentum.
Price has made it up to a historical resistance level, looking for inner channel break.
After a tight accumulation, this pair melted, looking to capitalise from the small retracement.
clean chart, technical analysis, 2nd bounce off wider daily trend line and ctl break.