After following this pair closely over this week I was looking for a break of the counter trend line when price was indecisive at the key level of 111.90. I would have needed a break of the counter trend line for me to be convinced this was a start of a reversal. As price has continued to fall over the period of today and closed with a strong bearish weekly and...
Bullish.
Oil is looking bearish, I will be looking for entries.
NZD/USD is showing bearish signals. After completing multiple timeframe analysis, all signals indicating lower price action. After breaking the retracing wedge the retest has occurred and I have entered a short trade.
After multiple confluences on multiple time frames showing bearish momentum I have entered a short trade. The one hour break and retest has given me the best entery for risk reward. First target of 1.08535 but expecting it to go lower.
Loving the look of a bearish continuation on the EUR/JPY.
As you can see very bearish. -Just completed 61% retrace and now we will be looking for fib extension levels. -Head and shoulders formation. -Just retested neckline support so ideal time for shorts.