Confluences marked on the chart. Potential +3R trade. Hold time till end of the week.
green line up red line down.-presumed USD industrial production prediction and sentiment i think
the reason behind my set-up is simple as you can see that is a very strong support down which after e rejection will give me a good entry price for GBPNZD
GBPNZD A FALLING MONMENTUM DETECTED its breaked a neckline and the retraced lable mentioned the lable finally touched the retracement lable hence a good falling momentum will occure on 1h chat only forex expert can understant it grab it with your predictable risk wait and watch n learn enjoy thank you
It is 4 hours dominant break out so it will go down side..
retested and rejected and goes down towards 2.02 best of luck
Market now trendline support level breakout after now retest completed. It's time to sell oppurtunity
price is retesting a strong resistance level forming a bearish flag on a bigger timeframe hence we expect more bearish movement
Price is completing a nice bearish flag ,hence expecting a strong momentum towards the downside
Price made a perfect retest on our strong resistance zone which is now turned into a support . expect price to make a bullish movement . price might make a few hunts before the strong movement
Uptrends are marked by rising data points, such as higher swing highs and higher swing lows. 1. Downtrends are marked by falling data points, such as lower swing lows and lower swing highs. 1. Many traders opt to trade in the same direction as the trend, attempting to profit from a continuation of that trend
We saw GBPNZD Short Because, GBPNZD Moved in Descending Channel in 4H Time Frame.
The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way.
GBP/NZD broke its strong resistance and retested in the 15 min timeframe.
-GBPNZD H4. -Pound Kiwi Short opportunity. -T&C's: Trading leveraged products such CFDs on forex and derivatives may not be suitable for all investors as they carry a high level of risk to your invested capital. Please ensure that you fully understand the risks involved, taking into account your objectives, risk tolerance and level of experience, before deciding...