if we look for the pair EURGBP that the main trend is down, there is an increase in the price beforehand and then forming a descending pattern triangel, wherein the pattern is a continuation pattern (down trend).
I sense a triangel pattern is a continuation pattern of a downward trend, but if the pattern appears after an uptrend occurs then it is likely that...
rising wedge i think.
This is not a pattern as a confirmation of the trend reversal, it appears that the targets are and that it is important to always pay attention to the price movement.
because this is a job with all the possibilities, it is not likely that the trend will continue.
and let see .. hmmmmmm.
if we see that the pair GBPJPY has gained considerable downward trend line strong.
to strengthen the belief in the analysis for this couple is, that under the trend line has been broken.
I think this is good enough to sell ..
this is my view for nzdusd.
after almost a week did not pull out of ideas, this seems like a good start.
if we note that it looks like the price for NZDUSD is already too high, and the blue line at the bottom is too good to be noticed.
Be careful This idea is not recommended for anyone.
thank you ..