Pips Of Persia
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I've put my red horizontal ray where the previous closures occured, and as we can see, the market found it difficult to break above that.
Now the market finally broke above it and retested it, as well as 38.2 fib
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https://www.tradingview.com/x/pD2Yjdxp/
EURUSD H1
Good entry for me would be a break above this smaller scale trendline and retest, then i will consider buy opportunities.
Nothing to do right now but to be patient and wait!
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https://www.tradingview.com/x/ejSAOHjU/
EURUSD H4
Currently sitting at a buy zone, where two trendlines cross, as well as previous reversal zone, however, the last H4 candle closed as a marubozu candle, meaning very small 'nose' of the candle, and a very strong bearish candle.
As of yet, there is no signs of reversal, therefore I wont be entering yet.
Keep an eye and see if a reversal signal appears!
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https://www.tradingview.com/x/aj872t0V/
NZD Weighted Index DAILY
What we see:
Reaction off key fib level, as well as previous reversal zone
Bearish engulfing candle
What to expect: bearish NZD accross board.
Potential NZDXXX sells and XXXNZD buys
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https://www.tradingview.com/x/9JURbS75/
NZD Weighted Index WEEKLY
What we see: 5th touch of the down trendline
Bearish engulfing candle
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