Market getting ready to change trend for a buy .
RSI signalling oversold at 37 reading.
Get in on buy and enjoy your profits.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
Price has been travelling in a pennant and inside it price was travelling also in an ascending channel. Price has however broke out of both of these structures to the downside and has now come back up to retest the pennant indicating a big short trade coming up. While breaking out price has also formed a descending channel marked out in black, we just saw the...
As you can most likely see, price has been travelling in a blue triangle and also inside an ascending channel.
Price reached the top of the triangle and therefore we SOLD,SIMPLE!
TARGETS 1 & 2 ARE MARKED OUT BY PURPLE LINES
TARGET 3 SHORT POSITION
traders, i hope you are all ready for this week of firework - i will be continuing to look at carry trades as we expect some reallocation to the kiwi as investors re-consider the RNBZ outlook. Moreover while futures point toward further upside in this weeks milk auction
as many of you have seen my related idea which will be the long up til .75x levels (see...