SprigganFX

SprigganFX

Price is in the supply zone of the weekly trendline. Looking for a price to reject and move to the downside.

SprigganFX

My initial thoughts are that this is a bearish pennant, looking for the long-term break to the downside. However it is possible that there has already been a break to the topside (so maybe it's a descending triangle). The open of the Sydney session and price action through monday will aid to clarify whether it will be a long or short position. LONG: With the...

SprigganFX

Potential mid-channel trade. Price could continue to the top of the channel, but is currently within a supply zone, which could force price to the downside.