As we can see price giving us a breakout for uptrend but though though resistance is very promising so im looking for a sell and candlestick indicating the sellers taking over the bulls . so taking sliding into with a 1:12 RR. if going into this trade please move SL 4 pips up
nzd/jpy create ab=cd pattern.So,now its pullback and continue to sell.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your...
A clear bullish impulse wave. According to EW Theory, wave 4 is usually a corrective triangle formation. Hence, a 5th wave is anticipated soon as price has already broken out of the triangle to the upside.
Some analysis state that it is a forming a Head and Shoulder pattern, this setup will only be valid once price breaks the neckline of this structure.