jdhstar123

jdhstar123

NZD was very bullish last week and I expect some exhaustion and some bearish downside momentum this week As you can see price respecting the descending trendline, and a bearish pin bar closing on Friday. Will wait for markets to open and further confirmation before entering

jdhstar123

Currently shorted this from resistance and holding until we see a touch of the ascending trendline... I will then see if it respects the trendline, in which I will then long back up to the resistance zone around 150pip move. Another scenario is a break and a retest of the ascending trendline in which I would then look at shorting this pair back down too support.

jdhstar123 Updated 

Price has just spiked up and broke through the he descending trendline after the US Fomc and data statistics. I will wait too see if price breaks back into the descending trendline to confirm a fakeout. Other added confluences to back up a short are descending trendline smack bang on the 68 fib and also a head and shoulder pattern.

jdhstar123

Shorting this pair with two take profit levels SL- 0.68872 Tp1- 0.67860 Tp2 - 0.66969

jdhstar123

Continuation of the ascending channel

jdhstar123

After a break and retest of the ascending trendline I’ve entered a short position as I expect downside momentum to continue

jdhstar123

Possible short if the head and shoulders Form