the price is making higher higher and higher lows
after the retracement, i will monitoring the price action on the hourly time frame.if the momentum will shift from bearish to bullish i will be taking a nice long with good risk toreward
price reach support line on daily time and form a number of reversal factors:
*price break current H4 trend line resistance
*possible inverted head and shoulder form
-entry at inverted head and shoulder right shoulder that lines with the support line been broken and retest
-entry after price break inverted head and shoulder neckline+support line and retest it
. There is still a possibility of temporary retracement to suggested resistance line (0.909). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. NZDSGD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...