EURNZD appears to be forming a weekly double bottom and showing a clear amount of hidden bullish divergence. if we drop down to the daily we can see a daily inside bar (DIB) has formed and remains unbroken after the weekend (no major gaps that broke anything etc)
If we apply a breakout strategy to the inside bar and applying a pattern ( double bottom ) to give a...
EURAUD weekly chart is forming what appears to be potential hidden bullish divergence along with its higher highs and higher lows which are visually evident.
if we drop down to a daily chart we can see a daily inside bar (DIB) has formed around critical support which is the previous swing low. To continue the bullish bias price should not close below the previous...
gbpusd setting up hidden bearish divergence and forming lower high / lower lows on the daily chart indicates further downside movement ahead. on a 4hour chart can provide a smaller risk vs reward than waiting for a daily reversal to appear.
Plan A ) Sell limit the potential lower high "top" with a stop loss slighty above the previous swing high or the...
clear swing structure showing higher highs higher lows on daily gives overall bullish view. recent pullback was fast and brutal which found support into the daily rising trendline as well as a recent retest of the weekly low today giving us a double bottom and a very low risk entry vs potential payoff of about 400odd pips.
