H4 supply (light blue) is providing multiple strong rejections of price in the context of an overall downtrend. Whilst there is some support below from the daily chart, this looks weak and I see price breaking through this and resuming down. I am looking for any pullback to the H4 supply zone for entry, whilst targeting the lower red line at the bottom of the...
In the context of an overall daily uptrend, price is pulling back towards demand where there may be a further push up. The H1 time frame reveals a small demand zone (light blue) deep inside the daily support area (below red line) for possible buy. Target recent highs at 1.84
The daily chart shows price in an descending triangle with support below price and lower lows being made above. Currently price is pushing up towards the top of this triangle,but experiencing some problems getting past H4 resistance.
I am looking at price pulling back into H4 dem
On the weekly chart, GBPNZD is once again pushing through the top of a large range, but my expectation is that it will once again fail and fall back to much lower prices. Therefore I am looking for opportunities to short.
The daily chart shows price retracing down to resistance turned support. This looks like a good initial target.
The H4 chart shows the clear...
In the context of an overall downtrend on the daily chart, EURGBP is currently retracing upwards towards an H4 supply zone where I expect it to resume the downward trend. Look to enter at the edge of the zone (stop just above( and target the bottom of the current range (red lines mark range boundaries)
