First look at monthly chart on where we are in global picture. Market is near strong trendline that keep price below it. On 1 HR chart , market has reached SMA 75 with only one push which giving us bullish bias. Small retrace then another bull move so if price able to go back to action zone, we can take this trade long with good target. The overall bullish on...
I was in the initial big bear move and some scalp down but I realize that bull is not over in this pair looking at reaction at SMA 75. So next week I will be bullish on this pair
It consolidate at SMA 75 and start showing bull sign on daily
Watching how struggling GU to go up so we still go down now
Got busted for entering too early so now is another opportunity go long
Very clear resistant area, then price move down toward support, perfect rejection at support where we started to see bullish move. So the plan is to go long at retrace and aim high, if we open blindly next market open should provide 100 pips move up but of course buying after pullback is better idea
We have NZDCAD respecting SMA 75 on 4 hour chart The past retracement after a high is 61.8 and the next projection is at around 1.91400 So the game plan is simple , watch for market reaction at that price or zone highlighted and look for beginning of bull move.
GBP is weakening overall so price action give us opportunity to short