We saw price rally up last week but was not able to break past the resistance on the H4 time frame. Price has been consolidating and we can finally expect the price to rally back to its previous support level.
NZDUSD is currently at a resistance zone and has rejected it. We should be expecting a move to the downside. Once 20 pips in profit, move SL to entry to avoid reversals.
USDCAD is currently at a resistance level right now and the market looks to have rejected that zone and heading towards the downside. Moving average cross and overbought conditions support this entry price. Good risk to reward ratio.
US30 IS CURRENTLY FORMING AN INVERTED HEAD AND SHOULDERS PATTERN WHICH IS A GOOD REVERSAL PATTERN IN THE MARKET. GIVEN THE FACT THAT THE US ECONOMY IS SLOWLY REOPENING, WE ARE BOUND TO SEE SOME UPSIDE ON THIS PRETTY SOON. LONG TERM IDEA.
