On this chart we can see a pull back that has occurred during this uptrend, a new level of support was found and price has come back to retest
We are already in this trade and I will be expecting price to bounce off this level and continue moving up
This is a very easy setup. As you can see GBPNZD is trading within a range since April the 2nd. I've marked the upper band and lower band with green lines. You can take short trades closer to upper band and long trade closer to lower band with a few pips stop loss just above/below the range.
Not a rocket science right??
Trade safe and enjoy.
Price of GBPNZD has currently been travelling in an ascending channel. There is a minor support trendline marked out in a thinner black line inside the the channel. Price just recently broke below this line indicating a drop down to the bottom of the major channel like it previously has.
We sent this trade out to our FREE signal members on the entry of the chart!...
today i want to share a setup which is available at market right now. In this situation price si coming back to retest a daily structure zone (blue rectangle) after a double top formation that's been broken to the downside, as a confirmation signal of the direction it's headed.
You can short the market now according to the 2618 technique, with stops...