AFTER A RECENT WIN ON A LONG TRADE ON THIS PAIR, I BELIEVE IT IS NOW IN A SELL ZONE, AS YOU CAN SEE WE HAVE A VERY WELL RESPECTED SUPPLY/DEMAND ZONE HERE. I SEE A COMPLETED HEAD AND SHOULDERS PATTERN, ALONG WITH A GENERAL DOWNTREND ON A WEEKLY BASIS, BULLISH EXHAUSTION SEEMS TO BE OCCURRING AND PRICE ACTION SUGGESTS THAT A REVERSAL IS GOING TO HAPPEN. A INVERTED...
Burford has broken out from its post-Woodford drop. Clean air up to the resistance and fib area, around 1050-1100p. I'd expect a few early opportunists to sell out here though, and have it retest the breakout area.
The video shows a contracting wedge into a zone of congestion. This is sometimes a reversal pattern.
I make no predictions. I explain carefully about losses and risk management of this situation.
Disclaimer: This is not financial advice or an encouragement to trade in securities. No liabilities accepted. Your losses are your own. This means you sue yourself...
WATCH the live stream daily for more high odds trading set ups!
GBPCHF calls BEFORE it happens. youtu.be
Join our team to learn how we make these accurate calls or check out the free material and become a Trade Ninja.
AUDUSD looks like its struggling to get down past this level yet again. could be a chance to grab some quick profit.
Or it may go longer term and move higher. But with the rate cuts its highly unlikely
Id be definitely looking for a move up to 0.674-0.675. Then it may look to reverse and move lower.
Any questions feel free to ask.
Now that the predicted sell off to the (faster than expected) demand zone of 8k has nearly concluded, A reversal is set to happen. Bids at 8.3-8.4k have been filled for both longterm & short term positions. Expecting the classic "µ" reversal up to whatever planet it lands on. A weekly close above $8,746 confirms that capitulation move to 8.1k was the bottom....
Euro is showing continued weakness from yesterdays PMI news. Looking for the NZD to continue its possible turn higher. If this continues for both this could be a multi day move with plenty of time to scale into this position.
pair climbed high breaking the highest res zone , forming a new zone, however price is dropping , DOUBLE TOP POTENTIAL, after break of neckline and price pushing below , zone low , strong sell must be anticipated.