Suspecting a new downtrend to form off the double top rejection at the key level. Trade with smart risk and enter below engulfing canlde.
Price has broken the downtrend and the previous LH structure, we can now see a retest and rejection of the key level
We have failed to make new highs in the uptrend, now we have seen a break below key structure, a retest and a rejection.
Not sure where NZD is gonna go. Took long on EURNZD but now we see this pair creating a triple top followed by break of structure + retest and now rejection. Let's see what happens, one position long NZD, one position short.
Price has broken the top of the ascending triangle, provided a pullback and now we see a 1H double bottom form, suggesting a rejection of the key level.
See price continue bearish off structure with this 4H double top suggesting a rejection of the key zone.
Price creates a double bottom then break previous LH structure, thus creating a new uptrend. Now we see retest and rejection
We see price initially fail to create new highs and creating a double top. The price break below the previous HL structure formed. After this a retest and a double top formed again on key level. Additionally we have fibb retrace for confluence.
Price remains below the key structural level and is now presenting a double top rejection.
Hopefully we can see AUD making a push back after the trend break and double bottom. Trade safely.
Going short on the Ozzie yet again. We see price break below the structure and present a 1H double top rejection. Enter with momentum below engulfing candle and safe SL.
Hopefully we can see price reject this structure and push down off this double top with some momentum.
We see a nice breakout and retest of this wedge and we are also rejecting a key structural level in the market.
What is everyone's thoughts on more Aussie dollar sells? I'm backing a strong USD to continue pushing price down.
Possible break of downtrend and begging a new uptrend. Look to enter with momentum above 1H engulfing candle, SL safely below structure.
nice double top + structure break, price seems to be rejecting this level with a 30M double top aswell.
We se a break out of the previously held structure, followed with a retest and double bottom rejection.
Nice break of structure followed by a retest and now we see a double top.