GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, MX OIL PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), UK OIL & GAS PLC ORD 0.01P, UNION JACK OIL PLC ORD 0.025P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
NZDUSD is moving downwards. After breaking through the latest minimum, price does pullback to previous low. 50% pullback makes the signal more valid.
While pullback, price has formed inside bar, which means uncertainty and price compression on the lower timeframe.
Sell order will be activated at breakout of the pattern.
Primary R/R - 2/1
Last post: June 22nd. See chart.
Review: Price was suggesting indecision and a possible pullback in the bull trend back to retest resistance-turned-support.
Update: Price did indeed pullback and is today suggesting a possible I B setup.
Conclusion: We will wait for the daily closing price and then let our community know if a pullback setup is appropriate or ...
1.Inside Bar formed in Strong support zone
2.No fresh strong resistance until 17200
3.Price action hit support zone
4.Minor obstruction above 16600