GBP/NOK was ranging earlier, then went up and shot down creating a lower low & lower high, is in a downtrend right now on both daily & 1 hr chart. As you can see there are three sell zones marked. Price can test any zone, I can't say which one. If I see a bearish price action signal on the third zone from top, then I might take a sell call. This is just for...
EUR/NZD was ranging & now has broke the range level creating a big green candle & a new zone. Keep an eye on this zone, its fresh and if the price comes again to this zone to test, there is a probability it would shoot up! This is only for educational purposes & I aint any financial advisor. Control your risk, its very important, always use a stop loss.
USOIL is recovering, or at least has stopped going further down. Currently consolidating in a $3 range B/W 49.40 - 52.30 in last couple week (check Magenta rectangle). Currently trading at 59.02 (19.30 pm GMT+5.30) which also happen to be a strong resistance from the current level. If it breaks the asset will go into a buffer zone as we can see a DOUBLE BOTTOM is...
GBP NZD - Daily Chart - After seeing a good downtrend, looks like the pair is trying to reverse. Inverted H&S is still in process. Pattern will be confirmed only on breakout. But seeing at the Chart Structure, looks like it will. Patience is the key here. Now as pattern is identified, we will have to wait for breakout before initiating the long trade. Further,...