We have found a nice resistance area .... there is also long term bearish PRZ zone so I am short anyway. But this is a potential nice little short
By my estimations we have broken resistance so I have loaded up here
I believe there is a more bullish narrative on long term time frame as I think we are at a PRZ zone. But at this specific moment we have good short term long trade for 100 pips. Entering now gives good risk reward I have my SL 50 pips away.
There are problems for long term bullish perspective now. But here is a short term narrative for buying now. I am buying here. This is not financial advise.
Lots of support here, lets see if we can bounce in the next few days.
We have a good support at this area so a long here could see 900 pip trade.
Simple channel setup, I feel very strongly that we will touch the top of this channel before deciding what happens next. As such I am all in on this move its a easy 2x from here.
As 2 bearish bars now appear on AUD NZD we can start to look for Shorts on this pair.
This is a mental reminder that I will want to look for pull backs on daily level now and short EurJpy. looking at the weekly chart there is nice downtrend starting to emerge which maybe very profitable.