Retesting a level of support and last week showed sellers strength at that price
Daily: created a supply zone there with multiple candles creating a bearish impulse
H4 : break of momentum trend line retest aligning with the zone
Would like to see a m5 m15 BOS from this zone or pinbar/ reversal pattern to confirm the bias and enter the trade
In a 4hr crack, EURUSD ready to crack the support hurdle to pass-over the past. EURUSD delivering its full potential to break the gateway to run a free-fall. The 1.13362 pass-over could help the pair to attain its destination. Traders watch-over for the trend break-out. I don't wanna to restrict the trade with specifications because support-breakout is the...
EURNZD's ongoing advances can't be considered as an indication of its more extensive quality except if the combine figures out how to outperform the 1.7110-25 opposition conversion,, which together with more splendid odds of the statement's pullback to 1.7000 round-figure. Should costs neglect to turn around from 1.7000 mental magnet, the 1.6880 and the dimension...
our psychological target is on the upside of 1.6000 as outlined a few weeks ago. We have a reversal pattern (Rising wedge) with divergence which represents some uncertainty in the market. Once price has reached 1.6000 re analysis must be performed to distinguish if this is actually a three drive pattern. On the opening of the market price can pearce below the trend line.