Really good set up here, EUR/GBP. We broke a descending narrowing wedge and retested.
This week I am looking at shorting the EUR/JPY. I see a good set up but we have to make sure to monitor the price action on the 4hrs before entering a short position. I drew a descending diagonal trend line, ideally we want to see that trend line holds on the 4hrs before entering a short. Good Luck
Remember in order for the market to break the weekly support or resistance zones and closed above, you need a strong sentiment to give you the move to either direction.
(This pair should consolidate for a little bit before a break to the upside) For this pair where looking for market to retest the weekly lows before entering a long position. However if the 1HR closed about our 1HR resistance, then we can looking for entry to the long side with tight stop loss.
Looking for shorts on NZD/USD Remember you have to wait for the 4HRS candle to close before looking for shorts on the 30 mins
we are waiting on the daily candle to close bullish to take a buy to the next resistance. We also kept trading really close to that diagonal ascending channel resistance, this could mean with enough sentiment we can break to the upside.