if price closes below resistance we can look for price to possibly retest previous support.
waiting for h1 nd h4 to close to confirm this move.
Accumulation / Wyckoff explain the process that price went thru within the phases we can take entry at LPS or at another LPS that may be formed in Phase D or E, long term swing trade..
Price has been moving in that pattern for awhile now, we can confirm that a a possible bull candle may close outside of the trend, if so we can expect price to push upward in the Asian session, possible retest of 1763 might take place to shake out a few traders, but lets watch. (1% Risk)
Possible downtrend for EURNZD, waiting for retest to be complete and rejection/reversal to be confirmed.
Price as formed a H&S pattern, if price manages to close below the neck of this pattern I will enter this trade.
Once price close below this resistance level we can expect price to continue pushing down, a possible retest can be done depending on the strength of the market during Asian session back to London. I've already entered this trade, if retest should be done, feel free to enter with proper risk management.
Possible down move for gbpjpy, bear strength as been noticed from the opening of the week. I'm looking for rejection at resistance. Follow my channel t.me/ChemFX
Rejection on multiple timeframes confirm possible downtrend, MA's also confirmed reversals of the trend. let's watch Sunday when the market is open. stay safe everybody.
Swing Setup %1-2% risk if taken, wait for pullback, enter now or wait ,expecting USD news today.
Let's see if the news will run this in our favor #patience.
Buy opp for nzdusd, currently waiting on a breal above ascending trendline to confirm full uptrend, lets watch the play out.