broke tredline in retracement zone.. weak pound strong nzd this week
retest of broken support
selling pressure and price action points to a short on this pair
sell down to next support it has broken and retested resistance
3rd rejection trendline h&s pattern possibly
looking for a quick 70 pip buy then a 200 pip sell off on gbpaud simple h&s pattern looking to play out.
Broke ascending trendline going for a pullback to 61.8 eurg/gbp showing possible double bottom meaning possible gbp weakness
Setup is self explanatory h&s playing out.. great risk to reward right now. Good Luck
Entry a few pips down from this area then buy back and let it run to 1.10.
Nice setup here sell now with a comfortable stop and great reward. Gbp/Jpy has broken its supporting trendline and now has retouched the back side of it, as well as hitting 61.8 while doing so.
looking at a nice little 300 pip play if it works out as planned. Looking at retesting a nice area of support which i feel we should launch from
Bears are coming back into play possibly for a 600 pip swing downward possible head forming for a h&s pattern.
Reached a double top plus a right shoulder forming along with a touch of the back side of a broken trendline
finally were getting a move out of this pair, possible h&s playing out with great bearish momentum.
reached bottom of a wedge that i have been stalking for weeks, finally time for a big move up !