Price seems to be bouncing off a trendline. Either wait for break above resistance or break below trendline to make entry.
Price just broke the trendline and is expected to go further up before retracing down.
NZDUSD m30 is in an upward trendline currently and it might bounce down a little before continuing its journey upwards.
In this idea I show you how I trade swing failure patterns. This is good for any time frames but lower time frames are preferred. Very simple idea yet works pretty nicely. Let me know what you think.
2 possible outcomes. If price breaks above resistance level, look for long opportunity. If price breaks below trendline, look for short opportunity.
Daily chart shows a possible head and shoulders pattern forming. A break of the support line shows a good opportunity to short.