Crude WTI - Large downside move on the horizon. WTI has seen continued resistance on any rallies of the previous weeks. The most recent move to the upside found a cap at the falling trend line, with a solid bear candle following. If we see a move below the EMAs, then this would open the door to the downside, with potential for moves back down into the previous congestion zone around 39$.
Setupoftheday
GBP/NZD Long SetupHey Guys, this is my View for GBP/NZD so far. This Pair finished a Harmonic Pattern, reversed from a strong daily Zone and broke a daily descending Trendline. Now this Pair is moving within a 4H ascending Channel. I'll wait for a breakout to the upside to enter my long Position. My TP is the 61,8% Fibonacci Level.
Trade safe, Daniel
Likes and Comments are appreciated and would keep me motivated.
Setup of the DayThis is something new that I am trying. Each day I will try to find an excellent risk reward opportunity trade and put it out for everyone. This is definitely one of those potential trades. NZD/JPY has a fib inversion trade setting up with a phenomenal risk reward. You got 3:1 on target #1 and 4:1 on target #2. Entries at 76.69's with stops above the structure on the left. If this trade setup is in your plan, then keep your eye on it.