Even tho the market is very unstable, i think some pairs are boiling up to burst
causing them to take off like they have missed out on their own wedding...
GBPNZD can be one of them.
1) If you look at the daily, they have cleaned out all the lows, and also on the weekly
chart. But checking the Monthly, you can see it hit major Resistance Area, even ending
up in an Entree Candle.
2) Yesterdays move didnt workout, simply because previous weekly lows often needs
to be taken out before making a run to the upside or downside.
3) NO IDEA what the move of this morning was but it caught my attention.
4) It took out previous weekly Stoplosses and grabbed liquidity that way
+ Spiked down in to the Monthly EC Candle and got rejected..
5) Lets see if we can enjoy the ride to the upside and be done for this month.
Trade Safe & Stay Healthy!
Vertex
causing them to take off like they have missed out on their own wedding...
GBPNZD can be one of them.
1) If you look at the daily, they have cleaned out all the lows, and also on the weekly
chart. But checking the Monthly, you can see it hit major Resistance Area, even ending
up in an Entree Candle.
2) Yesterdays move didnt workout, simply because previous weekly lows often needs
to be taken out before making a run to the upside or downside.
3) NO IDEA what the move of this morning was but it caught my attention.
4) It took out previous weekly Stoplosses and grabbed liquidity that way
+ Spiked down in to the Monthly EC Candle and got rejected..
5) Lets see if we can enjoy the ride to the upside and be done for this month.
Trade Safe & Stay Healthy!
Vertex