A few days ago I posted short setup for this pair. Circumstances have since changed and I now look for upwards movement. If we get strong close above entry level, then I believe that an uptrend is is on its way
After hitting marked resistance level, price started consolidating and pointing towards downside.
I would expect some sort of pullback before entering this trend, but I would not enter before we get close below 50 moving average and black line.
EUR/NZD bounced off an important weekly support. It seems that we have great opportunity on our hands to buy that pair and hold it for a couple of months. I will be looking for 1.78 region to take profit (unless something else forms along the way). Also stops should be placed below the support level (don´t forget to leave enough space for price to breathe)
Price of Crude Oil has been constantly rising for past 3 and half months. Therefore, probability for a short opportunity is constantly rising. And I believe that we finally came to the point, where shorting may be the way to go...
We see a potential double top on OIL chart. If we get a break AND CLOSE below marked region, then there is a lot of space for a pullback.
We have seen a huge downside move in past month, which suggests, that there may be place for further downtrend. I would, ideally, like to see a small pullback (to get an easy entry) and then a continiuation to the downside.