The pair is forming a pullback on recent bullish momentum over the past few weeks however a break to the upside will trigger a long entry.
MA crossover on 4hour TF showing confluence to the upside.
Wait for CTL breakout to go long.
Target: 118.600 just below -61.8% fib.
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Bearish bias on NZD/USD with the continued dollar strength into the new year. We had the breakout of the triangle structure on the 1H time frame which would have been an ideal entry however i am now short on the 4H breakout of the longer CTL with downside targets of 0.68600. A break below 0.68550 could seen further ...
After finishing an ABC pattern GBPJPY looks like its turning bullish and heading towards 164 area at least.We have divergence on H4, and I'll be looking for buy setups on lower timeframes after the trendline breaks.
This pair looking like a nice short opportunity. Clear downtrend established on the higher timeframes and then this fibonacci play with the CTL break gives us the shorts down to the final target at fib extension around 148.20
Pair is showing us some weekness. On the bigger picture the trend is down, the price bounced off weekly 50% FIB. It has broken CTL now I'm waiting for price to take out the newly made swing low and continue the downside move down to 0.7500