market was not too hard to analyse and was kinda obvious. clear inverse Head and shoulders formed indicating a soon uptrent. will wait for price to break resistance, retest, and then enter a Buy position.
At the end of a long sideways market/consolidation for NZDJPY it is finally starting to show signs of a breakout towards the downside after form a beautiful Head And Shoulders that is as clear as daylight, indicating a possible longterm down trend thats about to kick off.
When trading USDZAR i always look to trade Long. Massive daily uptrend showing that bulls are in controle longterm, Price seems to be moving towards point of value on 15.2400 to enter possible Buy with a take profit at 15.7000.
The USDCHF has currently been moving in a sideways market for quite some time now with no indication to witch side it might breakout and start a new trend. From current price I have identified 3 highly probable directions that the market could move in with 3 valid points of interest. It is always important to know what your next move might be when the market goes...
On a weekly time frame after strong downwards pressure price has respected supply Zone on 1.1400 while forming a bearish flag. Looking for price to break 1.1300 before continuing the downtrend looking to take profits at 1.1000.
AUD/NZD- Strong bullish break through 4H Key Resistance level forming a consolidation block with recent break to the upside followed by a retest looking for further upward momentum. 2nd option is to wait for price to retest and respect swap zone for further bullish momentum.
