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.
Looking for this pair to do a 50% Retracement towards our trend-line for a third bounce. When it gets there, When will then look for a break of the counter trend line. Enter on Break and close below this CTL