- BROKEN RANE TO UPSIDE -BROKEN MAJOR RESISTANCE -CLOSED ABOVED KEY RESISTANCE -STRONG BULLISH PRICE ACTION -MA BULLISH -HIGHER LOWS
LONG TERM DOWNTREND PREVIOUS BOUNCES OF LONG TERM BEARISH TRENDLINE 61.8 FIB RETRACEMENT ALIGNS WITH KEY RESISTANCE POTENTIAL CTL TO BE BROKEN BACK TO DOWNSIDE
-3 TWEEZER TOP PATTERNS IN A ROWN - FAILING TO CLOSE ABOVE 61.8 AREA -CLEAN BREAK OF TRENDLINE AND CLOSE OUTSIDE - DAILY BEARISH ENGULFING CANDLE
DOUBLE TOP REVERSAL PATTERN BREAK OF NECK LINE WILL HAVE ME SHORT ONCE IT BREAKS 200 EMA AS ADDED CONFLUENCE OVERALL TREND BEARISH
-DOUBLE BOTTOM REVERSAL PATTERN -MAJOR SUPP AT 15500 -BROKEN NECKLINE CLOSE ABOVE -16,500 ROUND NUMBER
61.8 FIB RETRACEMENT TRENDLINE BOUNCE BOUNCE OF MAJOR SUPP AT 1.10
- DESCENDING CHANNEL - CLEAR DOWNTREND -BROKEN TRENDLINE - TOP OF CHANNEL BOUNCE 1:2 RISK REWARD
-STRONG DOWNTREND -DAILY TRENDLINE BROKEN -CLOSED UNDER 1.43000 AREA -61.8 REJECTION
-61.8 FIB REJECTION - BEARISH ENGULFING -TL BREAK - OVERALL BEARISH TREND - CLOSED UNDER DAILY 50 EMA 1:3 RISK REWARD
- 50% RETRACEMENT - RETEST OF PREVIOUS WEEKLY RESISTANCE TURNT SUPPORT - OVERALL STRONG BULLISH TREND
-BEARISH CHANEL BROKEN TO UPSIDE - RETEST OF HOURLY RESISTANCE NOW TURNT SUPPORT - MA BULLISH CROSSOVER -TWEEZER BOTTOMS REVERSAL PATTERN
-NICE PULL BACK TO PREVIOUS RESISTANCE TURNT SUPPORT - 50% FIB RETRACEMENT - BULLISH TL WITH PREVIOUS BOUNCE -NEWS INDUCED SELL OFF - OVERALL TREND LONG TARGETS AT 0% OR D1 STOPS BELOW TL
WEEKLY TREND LINE BOUNCE TRIPLE TOP ADDED CONFLUENCE OF REVERSAL / REJECTION STRONG BEARISH CANDLE BROKE CTL
potential sell setup if recent support is broken and retested i will place a sell order outside this zone with take profit at the edge of the next zone
EURUSD is close to breaking out of the long term downtrend i have stated two long term targets if we can close above the bearish trendline i can see a change in trend happening and we could see 1.24000 in the future
NZDUSD HAS MANY CONFLUENCES TO FALL AND CONTINUE THE DOWNTREND FIBONACCI 61.8 REVERSAL AND D1 WILL MAKE A LOWER LOWER DOWN TO MAJOR SUPPORT