- THIRD ON TOUCH WEEKLY TREND LINE
-4H DOUBLE BOTTOM ON THIS TREND
AUSSIE CHIEF Has been declining in recent weeks. It has now arrived at our weekly trend-line. For a third touch which is prime for executions.
We waited for a double bottom to form, now we are looking to the upside!
-A clear rejection of 0.71800 (6.18 retracement) and descending trend line.
-Confirmation in the form of counter trend line break, Entry on retest.
-Targets at 0.70700
NZD has been weak breaking through barriers on its way down, Its now time for a recovery until trend line,
Price action will give us a clue of either breaking or rejection once we arrive there.
Second Entry for me on this pair. We had multiple rejections from the upside from this pair on a daily frame. Confirmation on entry is a a three pin formation followed by a Daily closure of a shooting star Marabozu candlestick.
-We have had a series of Lower High with a recent break of a Higher Lower.
-This will form a new low
We sell at exhaustion of the pullback/retest of trend line
We have a double top inside a consolidation range at our weekly resistance of 112.000. We have since just broken this range. This was a confirmation of the setup to go short.
after a long and steady decline , EUR USD is now looking to pull back before heading further South. To turn to the upside it has to give us a indication.
This indication has come in form of an inverse head and shoulders that has just broken.
Confirmed SELL
