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Lowerhighs

WHAT DO I SEE ACCORDING TO PRICE ACTION ON NZDUSD?so what do we see here? according to price action we see a nice bullish preceding trend thats gets stucked in a daily resistance area, and shows me an indecision candle ( also called dodji ) on a 8hr chart. Also we can see recent lower high, which is usually a good signal for taking a short. Taking this trade when price goes below the low of the indecision candle. going for a risk reward of 1:2.5 ( my minimun is 1:2) hopefully it will work.
Short
by daldertg
2
Long on GBP/USD BUY BUY BUY !!!Reasons for -Firstly on 4 hour chart we clearly see a down trend which has been broken -We can also see price has broken major trend line which acted as RES -Since we made the low of around 1.41000 we have put in Higher highs and lower high -This signifies a possible new trend forming -Also if we look at the Trend line acting as Support we have had our second bounce On the daily we have been bullish for 4 days before a bearish candle was put in this may have been because of the FOMC meeting which took place Altho we do not have many confluence as id like i do believe its going to go long and my bias will remain bullish till we take out the previous lower high :) Trade safe and maintain a good Risk management strategy My entry 1.24500
Long
by ARFXC
16