wait for breaks of structures on lower time-frames
NZDUSD is at a support/demand zone. it gave us a double bottom within a double bottom, Now can we expect it to rise?? REMEMBER: trade at your own risk!!!
As of right now, you can look to take GJ back up to the daily zone. However, if you want to risk less, aim for the previous high as a potential TP. Always remember: trade at your own risk
wait for price action signals in order to enter
IF GBPUSD manages to respect the daily zone, we can see a potential rise up to the previous high at least. As always, wait for conformations.
EURUSD is currently at a major support/ demand zone on the DAILY. Inverted head and shoulders is forming on the 4HR and 1HR. Now all that needs to happen is for it test low of the day to form a double bottom/M formation and go up from there which could probably happen during london or the overlap of NY and london.
Typical double top/ M pattern. There seems to be a second M forming with in the Bigger M formation. Favorite setup to trade!! We could probably expect it to drop around london
Please look for extra confirmations. Right now, AUDNZD is hitting a daily resistance. Wait and see if it'll respect it for a sell opportunity, if it doesn't, target the next zone above for a buy.
GBPJPY is hitting a major supply zone, can we expect a drop soon?