Broke neckline. Will wait for retest and confirmation to go in short at supply zone.
Clear double top pattern forming. Will set a sell limit close to price action. Potential drop in the upcoming days
Retesting supply zone, placed sell limit over zone.
NZDUSD looks like a good long position trade. Confirmation hit
Could potentially retest now supply area and drop. Will wait for confirmation before going in short.
Retesting supply zone, will wait for confirmation for a potential short position.
Formed double top Could manage to break through neckline (demand) and retest before leaking even lower. IG: @forexdawgs
This amazing pair is well known for its patterns and obedience to zones. As we can see here price action is retesting a strong W supports zone while forming an inverse double top. This could be a good position trade to hold for weeks. IG: @forexdawgs
Will wait for a retest and confirmation at now supply zone for a potential sell order. IG: @forexdawgs
COULD BE FORMING A POTENTIAL LONG TERM MOVE TOWARDS THE DOWNSIDE. CURRENTLY SELL ORDER TRADE IN PLACE.
COULD RETEST PAST SUPPORT ZONE AND HEAD LOWER FOR MOMENTS TIME BEFORE MAKIG A CORRECTION BACK TO THE UPSIDE (HR1)
BELOW STRONG SUPPORT ZONE, WAIT FOR RETEST ON LAST SUPPORT AND CONFIRMATION ON BEARISH CANDLE TO SHORT.
COULD RETEST 50 EMA AND CORRECT ITSELF ON DOWNWARD. (H4) ACTIVE ORDER: SELL LIMIT SELL: @1.13315 SL: @1.15059 TP: @ 1.12050
COULD BE FORMING BEARISH PENANT ON THE VERGE FOR BREAKDOWN TOWARDS PAST SUPPORT ZONE. (D)
STRONG AUTHORITATIVE BEARISH CANDLE OFF THE 149.330 RESISTANCE COULD INDICATE FOR A BEARISH TREND FOR THE SECOND WEEK OF NOVEMBER
WAITING FOR CONFIRMATION OFF THE 50EMA OR THE RESISTANCE SO I COULD SHORT. COULD BE FORMING A DOUBLE TOP.