Price testing resistance, also testing upper Bollinger Band and price is in oversold Stochastic. Candles also showing weaker bullish momentum so let's see if sellers take over and bring price back down to previous support.
Price is currently testing resistance with weaker bullish candles showing loss of momentum so let's see if sellers can bring price down to previous support. Top Bollinger Band is being tested as well with Stochastic in oversold territory.
Hi I just entered this short trade on GBPNOK. My reasoning was this double top formation, with an engulfing candle printing at resistance showing bearish price action. My profit target is the next support level at around 10.6300. Thanks for reading.
Hi traders I just entered Long on NZDCAD after price printed a rejection candle off of support yesterday and then printed a bullish candle today that closed higher than yesterdays candle. Looking for more bullish action towards the next resistance level.