supremeking2837

supremeking2837

NZD has currently broke into a downtrend. MA is pointing down which points to bearish momentum. It also has respected the 38.2 as a LH point. Expecting a leg down, as long as newly formed LH is not broken. I'm also seeing an engulfing which indicates bearish pressure.

supremeking2837

Momentum is high to the upside as we have currently broken structure into an uptrend. USDJPY structure is currently best seen on H4. We have created a H.H and a new HL. What's expected after a H.L? A higher high. Hence, I am expecting upwards movement into the 147.400 area. MA is also pointing upwards which indicates that overall pressure is currently bullish. We...

supremeking2837

EURUSD is on a downtrend on the M timeframe which indicates a lot of bearish momentum. Weekly structure says the same. Daily TF is currently on an uptrend, hence a countertrend. Since there is still bullish momentum on this pair, I can see it going higher. Dropping down to the H4 timeframe we see an ascending triangle which no clear breakout yet. A break and...