EURNZD break out of resitance, pushed up 170 pips, wait for retest and entry, potentially 600 pip swing
GBPUSD has failed to break daily resistance and did an overshoot on D1, h4 has rejecting twice. We are now at a H4 double bottom, we can either go lower and retest before continue to go down to our monthly support. Or we we can go back up to our H4 resistance, and then work our way back down, it will be exciting to watch and trade it! Good luck traders!
This whole week AUDUSD consolidated between this 60 pip range. It failed to move above 0.6900 and below 0.68400 Next week will definitely be interesting to see what this pair does as a breakout to any direction can give us a good amount of pips. Keep in mind lets stick to our rules, Break-retest- entry and we should be in profit. Happy weekend traders! 😁#lifebebullish
We have reach a weekly high level, hitting some resistance and starting to show some weakness. AUDUSD has a triple top formation on the H1 timeframe with wicks showing exhaustion . Overall we are bullish, showing possibility of climbing even higher in the monthly time frames. Looking for a possible pull back, in the daily time frame then looking to go bullish...
We are in a confimed downtrend, waiting for this pair to pull back create a lower high in the 4hr time frame. Once we have a lower high created and confirmed we will go down to the 15 minute time frame to find a transition (Break, retest and follow through) for an entry to sell.
Looking for price to reject this area of resistance, come back down to retest and work its way up and create a higher high.
AUDUSD has been in a bullish rally for about 2 weeks in a row now, ever since the market crashed and the US dollar completely crumbled Trump started dumping money into the economy which has made the market come back to life and people not loose as much money. The markets are looking positive but there has to be a greater idea behind it? Maybe trump dumping so much...
NZDUSD retest of broken support, turned It into resistance. Look for it to retest get some more, and work its way up.
APRIL 20TH 2020, AUDUSD broke out of area that it was retested the top and flew up, waiting for a second touch to get more demand and price fly up.
Currently price has failed to push through lower 3 times, respecting a level of support. USA has had good reportings, a decrease of Covid-19 deaths and infections with California and New York reporting a possible pass of the covid-19 high point. USA government is pumping money into the economy helping farmers, the middle class with stimulus checks and also helping...
As AUDUSD hit a huge dip during the month of March 2020 due to the coronavirus outbreak, we are now seeing it recover itself we are over currently over %50 recovery on its dramatic drop from March 2020. The month is now April we have seen market flow switch to a retracement on the daily, market structure however has not been broken, we might be retracing back to...