MelvinMack

MelvinMack 42 views ・

Noticeable chart set-up placed with falling channel resistance Awaiting further market movement for potential short execution (112.330)

MelvinMack 81 views ・

Price rejection three times at the same point, broken resistance line (first yellow)

MelvinMack 94 views ・

In analysing this pair, it shows that it is in a decent bullish trend, price has changed movement a few times and also attempted to break support lines twice, before consolidating then eventually causing a breakout at third attempt. Breakout didn't last long as price continuously went long breaking resistance which is now a support. Fundamentals this week are, NZD...

MelvinMack 193 views ・

I have been in this trade since the 16th of this month and closely analysing the 1D/1W/1M time frames and from what I have looked at I spotted a potential retracement occurring. I then spotted a reversed head & shoulders pattern where the first shoulder was formed by sellers where they took control within the market, then buyers took back control but sellers...