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NZDUSD m30 is in an upward trendline currently and it might bounce down a little before continuing its journey upwards.
Price seems to be bouncing off a trendline. Either wait for break above resistance or break below trendline to make entry.
In this idea I show you how I trade swing failure patterns.
This is good for any time frames but lower time frames are preferred.
Very simple idea yet works pretty nicely.
Let me know what you think.
2 possible outcomes. If price breaks above resistance level, look for long opportunity. If price breaks below trendline, look for short opportunity.
Daily chart shows a possible head and shoulders pattern forming.
A break of the support line shows a good opportunity to short.