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PHOTONSTAR LED GROUP PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, LLOYDS BANKING GROUP PLC ORD 10P, HAYDALE GRAPHENE INDUSTRIES PLC ORD 2P, UNION JACK OIL PLC ORD 0.025P, BARCLAYS PLC ORD 25P
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DAILY SUPPLY AND 4HR SUPPLY
NZD WEAKNESS EXPECTED
weakness expected with nzd
this is a compound trade for me as I am still holding my original buys from the initial impulse move to the upside.
we have reached a major daily supply zone and bullish divergence on the macd
usdchf has broken past the resistance and we can see a retest of broken structure happening alongside a nice 61.8 Fibonacci rejection.
We have reached the supply zone marked het again. we can expect this to be a double top and capitalise on this turn of trend.
we can see that audnzd is creating a double bottom before it it goes on a bullish run.
shorting this long term as it has respected the higher time frame descending trendline.
We can expect eurchf to drop since it has reahced the supply zone that it was been rejecting on numerous occasions.
I have set a sell limit at 31321 with an SL of 40 pips. we can see that bearish divergence has formed and we can expect price to reverse at this major supply zone.
We have reached a strong demand zone where we could expect price to push back up. i have put a SL of 40 pips to give price some room to push down a little before a major push up.