I think it would be a good idea to look at this possible long negotiation. The price moves within a bullish channel on the daily chart. The price has been able to withstand the support of 68.79 very well and now it seems that it wants to break the resistance of the lower highs. I am going to wait for this forecast and if it works, I will enter the pullback zone as...
On Friday I posted NZDUSD saying that before going long it would first drop to the 0.58 support. The price may have found support at 0.5920. The graph that I attach now is 4 hours. The price is locked in a bearish channel. I want to wait for the price to break the downtrend line and then make a second floor to enter the trade. The price can give us two possible...
I can see two ways to gon long. I think the upside odds are higher. When I look at the graph, I see that the price can behave in two ways before rising. One of them is to make a pullback to the previous support area or the other, that the price can break the resistance and then offer us a pullback to enter longs.
The price has already made four touches to the 1.83 resistance and cannot break it. On the other hand, The price gives us a wedge and divergence on the daily chart, which means that the upside probabilities increase but it may take a few more days for the price to break resistance. In addition the price reaches resistance with a very long candle. Normally to break...
The price is touching a resistance on the weekly chart. In the daily chart we can see that the price has given us a double ceiling, wedge, and divergence. Now the price appears to be on the downside continuation until finding strong support to stop and turn later.
I think that the price remains bearish due to continuation of the trend. In the 4-hour chart we can see that previously it gave us a double ceiling at the height of the downtrend line that joins the lower highs. The price also gives us divergence as the stochastic tells us and we also have the graphic formation of a wedge. All this is given by the 4-hour graph....
I hope that the price can break the line that joins the lower highs. If this succeeds, then I will wait for the entry into the negotiation in the pullback as I show with the arrows. If the price does not meet my expectations, I will not negotiate. To enter the negotiation I will look for a smaller time frame.
The price is touching resistance of approximately 100.51. When the price reaches the trend line, where I mark it with the arrow, we will have to watch the price to see if the price wants to break and continue falling or, on the contrary, it will return to resistance.
forecasts for tomorrow. I want to wait for the price to reach the support area of the weekly chart that coincides with the bearish trend line of the weekly bearish channel. When I get to that level, then I will go to a lower time frame so that I can go into trading. If the price decides to drop further, I will do nothing until I see a long entry.
I think it can be a long position with a short reward. The price seems to have found support on the weekly chart. It also has a bearish trend line fulcrum on the daily chart. In the two-hour chart it offers us the formation of a wedge pattern and now it is making the return to the support area. It is only a technical analysis. Then the price will do what it has to...