Price at previous resistance level and top of rising channel and we have a bearish shark price might test previous levels and form a cypher pattern . For a sell at 5.36519 , SL at 5.38770 and TP at 5.20761 you get a RR ratio of 7
ALERT SIGNAL FOR POSITIONAL
TRADE ALERT SIGNAL
DATE 03/09/2018
NZDHKD BUY LIMIT
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There seems to be a possible double bottom formation occurring around the 5.35 area.
The first V sectioned of the market shows a reversal upwards and the next V section shows even more upward momentum.
I'm hopefully waiting for it to hit the 5.35 area so I can buy it and go long and I will take another trade straight after the first one takes profit cause of...
Good evening ladies and gents.
Right now on the D chart, I see a retest of the previously broken support line which is now acting as a support line again....this support line has been tested many times but has been broken in recent movement.
Waiting for a buy stop to activate and take profit around the 5.700 region and put the stop loss at around 5.33945
