First attempt at recognising a trend.This is my first attempt a recognising a trend in the market and also my first time ever working with a financial chart. I chose GBPUSD at random and tried to work out what trend the market is in here. I believe this to be a ranging market. Any feedback, comments, pointers etc are appreciated. Cheers.
Rangingmarket
GBPNZD short setup 30min chart looking for key level rejectionGBPNZD is trading in a range now. Chart spiked up for the last hours.
If this little move up continues and comes near the 1.8300 level, we want to see a nice healthy rejection and a possible trendline created so we can short it through the lows or through the trendline break
I will keep this chart updated.