NZD/USD is showing bearish signals. After completing multiple timeframe analysis, all signals indicating lower price action. After breaking the retracing wedge the retest has occurred and I have entered a short trade.
After multiple confluences on multiple time frames showing bearish momentum I have entered a short trade. The one hour break and retest has given me the best entery for risk reward. First target of 1.08535 but expecting it to go lower.
Analysing EUR/GBP on a monthly chart it is in a down trend. Having just hit the top of the trend line, this is also a 61% fib retrace from points ABC. You could now expect a continuation to my targets of T1= 0.69167 and if we manage to get beyond this we could be looking at T2= 0.64303.