The short is slowly coming to an end once it hits my pending long we're in for a beautiful take profit. News will affect the ATR next week however the trend will be strong through to the second week of April. Anyone who thinks differently please comment below
New support confirmed, time for the bulls to take over
NZD/CAD is hitting the resistance line, (horizontal swing high resistance, Overbought on the slow Stoc & CCI has confirmed a trend reversal) will see a short from friday to Wednesday however economic news is due today for both pairs.
Preparing for the short to fall back into the overall trend, economic news has had a major effect but we all know what happens 2 days after, things fall back into place :)
Waiting for the MACD to crossover (possibly in 2 days)
We have mixed signals for trade ideas, I can understand how this might seem like a long but judging from the over brought indicator's this pair is preparing for a short. The trend was affected by the news so lets see how this plays out over the next few days
Confirmation on the slow Stoc, RSI & MacD is coming closer to a trend reversal confirmation
As always I will await for my triple confirmations however the 4hr chart and daily are showing signs of a brief short before the additional economical news hits Slow Stoc MacD RSI
Currently shorting the GBPCHF, I have been in the trade for 1 week so far, already gained 75 pips since the trend reversed. The RSI, MACD & Slow Stoc have confined this range will continue for some time. I trade on the daily chart only, please use self analysis before placing any trades. I aim to hold my position until my slow stoc crosses over once more.
Weekly chart resistance line holding, possible long for next week.
Possible short, Long-short, ranging trend the weekly chart
Solid RSI, Positive ichimoku kinko hyo