SIMPLE SETUP, price is clearly in a downwards trend and our red box is a clear resistance zone that will also line up with price hitting our trend line....Go for it and treat me to a pint after you make profits.... make mine a strongbow ;p
We can see a clear bounce off key support ( green line ) which we had an order placed at, we also entered another long position at our purple line.
We can see this trade picking up 100+ more pips as recently this pair has been respecting all our key levels.
Simple clean charts = clear vision ;)
So we are long on this pairing... get on it.
COPPER looks good for downside. Keep an eye on this one for an entry. I suspect that price will hit the 3 wave move to the lows.
I am expecting price to break down, in the form of a 3 wave minor move. There is a chance price will move higher before the move down starts, but with a tested trading strategy you should have no problem finding the entry...
USDNZD looks good for a sell setup. I am expecting a nice move to the downside. Use your tested trading strategy to determine the best buy and sell levels.
There's a few ways this trade could play out, and how you play it entirely depends on your trading strategy and risk tolerance. I am expecting a bounce at the sidewards support level before a...