Here is a setup that I watch where the market is testing the daily chart 200 sma. As long as price can stay above the 200 SMA then the likelihood increases for more upside.
We see the price consolidate at current level and than fall - We take short position at 81 and book profits at 80.
We expect the price will move upwards in long term weekly technical analysis. Take Entry @ 82.50 Take Profit @ 88.30 Stop Loss @ 72.00
Expected the price to go down because of double top. Let's see
after a long time i saw a good setup .NZDJPY D1 Bearish pi bar very huge move soon