USD/CHF (15 Min) We can see price is moving in a clear uptrend channel, broke and retested our key area of support and aslo failed to push below.
GBP/AUD (30 Min) The pair has been in a long term uptrend which got broke. Price has failed to break through major resistance, showing potential bearish move to the downside. (RSI indicates the pair is overbought) We will be looking for a simple break and retest of previous structure before entering a SHORT. Follow for more trade ideas and setups.
GBP/USD (15 Min) As you can see price is moving in a uptrend channel, which has respected the support zone multiple times. Price has failed to breakthrough this zone for the past few days, this give us signs that we are going bullish.
Here we can see the pair has been in a major uptrend, which managed to break out of. During the breakout of the trend, we also pushed out of our key area (Major Support), show us clear signs of a downtrend to form. We then saw the pair fluctuate within a range, and now potentially about to drop forming a lower low. We will look for an entry, once price pulls...
EUR/NZD (30 Min) As we can see, we are in a major long term downtrend. Price broke through support and retested as resistance. If we see price pull back into the minor trend line, and some bearish candlesticks form, we will be looking for a SELL entry. ALWAYS USE RISK MANAGEMENT WHEN TRADING @tradesmart @ashtogz