FLAG
GBP-NZD Will Keep Falling! Sell!
Hello,Traders!
GBP-NZD broke out of the rising channel
And fell just as I predicted
Then the pair formed a bear flag
Under the horizontal resistance level
And now we are seeing a bearish breakout
Of the said flag, which confirms our bearish bias
And make me expect bearish continuation
With the target of retesting the horizontal support below
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
AUDUSD Bullish Reversal Price Action, Watch for Buys
Hello traders:
Here on AUDUSD, we can see a clear inverse Head and Shoulder pattern in development.
After price has strong bearish phase down from the left shoulder correction, we did not see further bearish downside continuations.
Instead, what we see is a reversal impulse phase, this is a first sign and clue from the price that the bearish momentum could be exhausted.
Latest development after a bullish impulse up, was followed by a channel/flag like correction,
this leads to a right shoulder development of an inverse H and S pattern.
We can now see price has indeed impulse out of the correction now,
so good idea to wait for last confirmation of a LTF continuation correction to develop and finish, before jumping into the buy to the recent tops.
Thank you
GBPUSD 4H ( downward)GBPUSD, the price after making retest, then will try to continue their downward till getting the targets because at now we have strong resistance I think can not break it. so the direction will be downward,
-----------
Direction: downward
Entry: under 1.1850
Tp.: 1.1810 & 1.1790 & 1.1750
Sl.: 1.1925