NZDUSD it touched a trendline above, making the price go down and as you can see the prices makes support and goes a bit up, but a clear resistance stops the price by getting higher, making a probably Head and shoulders.
So what we are going to do is to wait for the neckline to break down and then wait for a small retest. As simple as that.
Ok guys, we are now in a consolidation moment, so what can we do it is just to use the support as a resistance and this is just because we can see that the support point it has been proven too many times, meaning that we can wait for a bearish candle at the resistance point and then sell. The stop loss is going to be above the bearish candle, and the Take profit...
As you can see the chart showed to us that the market was going down and it changed its movement by going up at this time. While it was going up, the market made a sort of pattern in a zig zag way. So, in the graph it is been marked the reversals, at this time the most probably change of movement is going to be down due that the market is following and respecting...
