Second Entry for me on this pair. We had multiple rejections from the upside from this pair on a daily frame. Confirmation on entry is a a three pin formation followed by a Daily closure of a shooting star Marabozu candlestick.
after a long and steady decline , EUR USD is now looking to pull back before heading further South. To turn to the upside it has to give us a indication.
This indication has come in form of an inverse head and shoulders that has just broken.
This pair has broken ascending trend line, forming new lows at the same time, signalling the end of the bull trend. The bears are are beginning to take control.As a new low has formed , its highly likely that we are going to see at pullback before we carry on down. I look to enter at the retest of trend line or an exhaustion of this pullback giving me a target of...
EURNZD has been giving a series of lower low and Lower highs, signalling to us that we are in a bearish trend .
This pair has found resistance at the descending trend line , guiding it nicely. Looking for new Lows to be formed at the 1.6200 Level. this will be our target.