vanris

vanris

We are looking at a long idea for NZDUSD for the following reasons: a) Major support level above 0.72 held and did not touch below previous lows. b) 4H Chart shows that it has broken out of its short term downwards trend line. c) Mini pin bar formed on 16 August at the support level. We are looking at a retest of the last high swing of 0.755 with hope that it...

vanris

We are looking at a short idea for GBPJPY due to the following: a) Long term trend line broken with two rejection bars. b) GBPJPY not able to break through the resistance of 147.385 c) Price action on the last up swing looks weak with a bearish engulfing bear form on 3 August 2017, followed by pinbars on 15 August.

vanris

Bearish Engulfing bears seen rejecting 83.310 on both Weekly and Daily Charts.