After the big rise, the value needs a retest before continue increasing, so we expect this fall arrive at least to the KL with the possibility that the value do a retest in the downtrend to climb stronger, be focused in this value because the entry could be very interesting and in not too much !!
Price has recently been trending in downside momentum, now over the last week has been in consolidation (a descending channel with abcde correction), which it broke to the upside. Now a possible retracement (retest of the broken structure) might come and then we get a possible big move to the upside. Scenario: Long; @(50% - 61.8%) retest of broken structure. ...
as we see that its a perfect head and shoulders, also a trend line just above with a perfect fib retracment this could be a possible 100 pip move and it's the time of the year were the pound begins to weaken. so a very good trade for a such a low risk set up.
Actualmente observamos que la acumulación en nuestro KL ha sido demasiado leve con lo que después de el momentum esperamos que vuelva a retestear lnuestro KL weekly para cojer fuerza para superar tanto la supply, como para llegar a nuestra tendéncia bajista y ver que sucede en ese punto, además en caso de caer para subir nos crearía un HCH aunque aún no podemos...
We need to wait a little, now the value is doing a rectangle so we will wait for the explosion, the first confirmation that NZDUSD will rise is the momentum. So, after the acumulation, when we have the confirmation we can buy NZDUSD.
Keep this on your watch-list,
So GBPAUD.. Showed out this first month.. Im Impresed
Looking for a potential short opportunity for NZDCAD. Weekly - Downtrend with trend falling well below 200 EMA + Stoch Overbought Daily - Rejection and Bearish engulfing daily candle off Daily Resistance Zone 4h - Nice bearish engulfing candles, looking for 50% pullback before considering Shorts. *Note to self - Check OIL Trend if Bullish more confluence to short.
I would use a trailing stop for this one. Not financial advice!
Not financial advice!