USD pairs are looking bearish with the FOMC coming in this week. If the market plays out exactly as predicted, I would take a short trade at the break below structure.
wait for a confirmed break below structure level for decreased risk enter now for better R:R
Could see a bounce at the trend line. Looking for a retracement to short this pair at a better price/region.
Broke down the structure level Shorting this pair will earn you a positive swap
Broke out of resistance zone. TR indicator showing a buy signal
Breakout of resistance and the EMA Trend Rider indicator is giving a buy signal as well
Here we have a divergence on the daily timeframe on the GBPNZD. We also have an engulfing candle which further increases the probability of this trade.
Tonight the BOC will publish interest rates. The pair retraced back to the 38% fib level. It recently broke down the uptrend and I believe this is a retest of the trendline before going down further. Nice risk reward ratio of 2
Nice low risk entry on this pair Engulfing candle formed at resistance area. Risk reward ratio of 2.5 Been ranging for the past few days and will most likely go back down before swinging higher up.
broke down support broke down ema and retraced (4h) TDI bearish 3.5 win loss ratio
Market might go back to the 1.00 fib level which is also the previous resistance level that has now become a support before heading to the fib extension level of 1.6. I'm looking to go long at 1.36. Cheers everyone~!