WAIT FOR PRICE ACTION AT THE AREA BEFORE RE ENTERING A SHORT INTO TREND.
SUPPORT TURNED RESISTANCE
H4 50SMA RESISTANCE
D1 20SMA RESISTANCE
SO AGAIN, BASIS FOR TRADING THIS IS BECAUSE ON THE D1 PRICE HAS BROKEN THE TRIPLE BOTTOM AND MADE A NEW LOW. THUS, IT IS ALREADY CONFIRMED BIAS AND WE WILL ENTER AT FAVOURABLE PRICE ACTION NEAR THAT MARKED AREA.
D1 CHART FOR REFERENCE
SUBSCRIBE LIKE COMMENT MY IDEAS IF YOU AGREE OR DISAGREE.
So what's your outlook on NZDUSD and GBPUSD? Both NZDUSD and GBPUSD are testing their previous resistance levels. I think it would be a good place to short if the resistance level holds and we start to see bearish price action. What do you think?