The price has just a little higher than the support line of the triangle which long has remained a strong holding area for the pair. Look for buying opportunity with the confirmation of technical indicator coupled with candlestick pattern.
The pair is in the downtrend. Wait for it to touch the bottom of the tunnel and create a candlestick pattern to trigger a deal. The stochastic indicator further confirms the trade for a buy. But if you want to go with the trend wait for it to touch the top of the tunnel and confirm with bearish candlestick pattern coupled with overbought stochastic. Note, it is...
EURO has rejected to break the key resistance level against Kiwi. Besides, it has created a Bearish Engulfing Bar which is a sure sell signal that can be supported by any technical indicator to pull the trigger. I would recommend the H1 timeframe to pull the trigger.
GBP technically looks under pressure since it has just broken a significant support level. The downtrend motivates a selling pressure but wait for a pullback if all goes well and GBPUSD pulls back then wait for the candlestick pattern to signal a short position. Additionally, technical indicators will be helpful in opening a position. The strategy best suits on H1...
