A look at NZDUSD transformation from Head and Shoulders pattern into a Descending Triangle. Importantly the pair is still on track to a high probability reversal.
Currency pairs EURUSD, USDCHF, USDJPY and USDSGD are all perched at support/resistance levels forcing traders to play breakout or fade one when the news finally comes out.
Support and resistance levels mark region where price may reverse Support and resistance levels are colour coded so that we can see previous ‘tests’. The more each level was tested in the past (follow the numbered bubbles), the stronger it is likely to be. Of
When I was learning to trade forex in the beginning, my trainer mentioned “dead cat bounce” during class one day. It was the first time I heard such a term. I thought that it was invented by the trainer because it sounds so weird.