4 reason i found then concluded that pair has maximum chance to move up.
price made double bottom, from which trend reverse
price give bullish engulfing already
price is near to descending channel support from which trader taking buy trades
macd showed divergence
AUDNZD successfully broke the descending channel and also broke horizontal resistance of 1.0840---50. also retest the horizontal support broken already. fortunately it gave bullish pin bar on broken support. now its golden opportunity to buy. Keep in mind its expert opinion for educational purpose
USDJPY is currently reversed from descending trend line by strong bearish candle. from last few month it is traded below that descending trend line.
descending triangle is in the process of formation. which is neutral it its own nature. mean it can break either side if we go through the triangle only. but i am expecting the price to come down to 105.50. by...
USDCHF is currently on way in descending channel to nearest support of .9060. i am expecting a little pullback then straight down to .9010. on reaching to .9010 it will form triple bottom . after this i will go long on it if it give me confirmation via bullish engulfing or bullish pin bar. .other wise not
because i am preferring to miss a trade then to loose...
wait for the pair to retest 1.1800 region again. because on daily time frame pair broke horizontal resistance. Look for bullish engulfing or pin bar
for confirmation then go long. keep in mind that stop loss must be below 15 pips below the confirmation candles.
i will short it by confirm it through bearish engulfing or bearish pin bar. on 4H price also touching channel descending trend line resistance . i am expecting it to fall down to 1.2250 . bcoz it will be popular Fibonacci retracement of .61%.
EURUSD is currently trading below horizontal resistance as well as descending channel trend line resistance after breaking inside ascending trend line resistance . it has high chance to move down to next horizontal support of 1.1620 minimum. but wait for a pullback to 1.1770 first then look for bearish engulfing or bearish pin bar for entry. don't enter with out...
NZDJPY retest trend line resistance 4th time. macd 4c showed clear divergence. bearish engulfing is in process of formation. formation of bearish engulfing on daily time frame will confirm down movement toward descending trend line support.