After boucning below our daily resistance, price has been consolidating and has created a double top pattern. We could potentially see price starting to drop soon, so my idea is to go short on NZDUSD.
Here we got a setup on GBPCHF, price is approcaing daily R and will most likely bounce under it. From another perspective, it could break the resistance and continue its upward momentum. A 4h candlestick with full body clsoing below or above the highlighted area will determine if we're going to enter a buy or a sell.
Here we got a setup on GBPUSD, price is approcaing daily resistance and will potentially bounce under it. From another perspective, it could break the resistance and continue its upward momentum. A 4h candlestick with full body clsoing below or above the highlighted area will determine what our next move will be.
Good day traders! Here is my trade idea on nzdusd. Price has reached a key resistance and could potentially bounce below it. I'm considering this trade for the coming week, but won't enter it as quick as the markets open! I'll wait for confirmation which is a 4h bearish candlestick closing below the resistance line.
Please comment if you have any ideas on how I...