BUY NOW AND SELL LATER AROUND 124.00
Opened a stater position with small risk. Looking to scale it up if we get a 4H pinbar formation
Confirmations for Long. 1. previous demand zone 2. MacD divergence 3. Potential pin bar on the 4H TF, wait for 4H candle to close for final confirmation
Second time lucky? first attempt to Sell NZDCAD got stopped out. However now we have a possible pinbar in a supply zone. Also RSI divergence on the Daily TF to stack up Confluences.
Been Anticipating the drop on NZDUSD the whole week. Could this be it? After we look to be having a pin bar formation on the Daily TF after price rejected the fresh supply zone.
Looking for buys on USDCAD for the coming week.
Keeping an eye on this pair in the coming session for major confirmation before taking the sell. As you can see, we are at a critical level with a confluence at the 61.8 fib retracement level. We got initial confirmation with the MACD and RSI divergence. Looking out for a potential price action candle pattern to confirm the move. Eyes on this pair.
Going short of this break and retest off the neck line and 38.2 fibonacci retracement.
WAIT FOR A PULL BACK TOWARDS THE TREND LINE ON THE 68% FIB RETRACEMENT OR THE 38.2% TO TRIGGER THE SELL CONFIRMATION.
I will be looking to sell this pair once 50MA and bullish trend is broken.
If you trade patterns, this potential inverted head and shoulder on EURAUD may interest you.
I'm looking for EurUsd to make that long awaited move up in the coming weeks.