Forexempathy
US30We have a trend line, wedge triangle pattern, and a strong support.
A good candle rejection must be good for buy
EURNZDAs we can see since some weeks ago, the price as been respecting this area very well.
Before the market close on 22-05 we can see a breakout for the down side and a fake out right next. We can see that is a fake out because the price came down again.
And now is expected a nice retest and a clear confirmation for the sell oportunity.
A good Stop Loss with around 30 pips can be good here.
CADJPY LongAffter break a down trend line we start see a formation of a new up line trend. Its possible to see the up trend respecting and rejecting right ehere the support zone is. So is expected for this pair that can go up at least till the next strong resistance or very close.
The RSI is in oversold and is another good confirmation for possible buy positions.
EURGBP LongWe start geting a reversal on eurgbp and at this time the price is respecting very well the price action markect structure. Diffrent than some other pairs that are very crazy lately this pair seems to be a good pair to trade.
With the RSI we can expect the price to come up and when cross the key level of 80 % we can start thinking in sell positions.
Lets see if the gap dont kill this analysis.