waiting for bearish pressure here
£nzd has broken out of its bull flag/triangle even though the break-out is seriously not a convincing one. However, don't be fooled by this slow movement as it could be the calm before the storm.
£nzd has been selling off. A break below 2.19200 will confirm continuous bear move to 2.1780-2.1720
Don't be surprised to see a rally relief at this level. Be conservative and go long on the break of the Trend line or be aggressive and at support with a tight stop. Break below 1.0790 is a bear continuation.
Might be worth shorting if price breaks the TL
I published an idea earlier cos there was a bullish cypher. Price didn't quite take off but now a smaller bullish pattern has emerged.
poor US data strengthens the JPY. EURJPY should be going down but we have a bullish pattern.
waiting for bullish price action to go long.
let's keep an eye on what price does at this level. Price could turn bullish. Long on break of triangle.