NZDUSD D1 - Possible second test of support incoming, stocks down and USD up off the back of Trumps comments yesterday (key global topics). A double bottom around the monthly key level price could be good.
This pair is in a phase of consolidation but it has just crossed 13&50 EMA indicating that we could see this pair move towards the Daily Resistance Zone (Green).
This will be an area where I'll be looking to go short.
DRZ(Green Zone) = (0.97500-0.98050)
Furthermore, above the DRZ there is a Weekly Resistance Zone which is even stronger than the Daily level. If...
Happy Sunday Traders!
First we have GBPUSD. This pair is in an obvious downtrend but has just entered into the Monthly Support Zone (Brown Area).
This is a very strong support level where I think this pair has a potential for a counter-trend bounce. This is an area that has been tested multiple times in the past and this will be the area that I look for...
Welcome to everyone.
this is audnzd analysis.
price is just near to monthly supply. Though it is monthly consolidation but we can earn from both side trend and counter as well.
So hopefully we see a good drop.
Currently in a long cypher with targets 1 already hit and target 2 in sight.
If we can hit target 2 and continue a little higher we could see a second cypher completion to get invoved in the short side.
I am keeping an eye on this pair for the next few days to see how it plays out.
R;R is nearly 1:1.5
Safe trading everyone
Hey guys, Im sure you saw the little move on bitcoin
Im still to the short side thinking there is more blood to be spilled.
Could even be aligning with global markets in general.
Once we get clear direction bias I will project full targets for everyone