NZDUSD Monthly
Trendline broken, 2 level of previous valid demand taken out so its a downtrend on Monthly chart. but we can not draw trend line as we dont have 2 peaks or 3 cp pattern.
http://s24.postimg.org/6k4v9mfad/screenshot_439.png
WEEKLY
Price taken out more then 2 valid demand level & we got 2 peaks to connect. So Weekly also downtrend.
http://s24.postimg.org/5zpu6xm1x/screenshot_443.png
Daily
Daily is also down price takeout some old demand level on the way down but um not sure about the trendline on daily chart over there.
if the marked Ellipse zone is a peak then the trendline is ok. I hope alfonso will share his expert opinion about this.
Price at a old fresh demand level so i will not short here if price pullback and break trendline then i will w8 for weekly fresh level of supply to short again.
http://s24.postimg.org/9tjag33dx/screenshot_441.png
Source of the Daily demand zone
http://s24.postimg.org/cc4zgrp45/screenshot_442.png
Trendline broken, 2 level of previous valid demand taken out so its a downtrend on Monthly chart. but we can not draw trend line as we dont have 2 peaks or 3 cp pattern.
http://s24.postimg.org/6k4v9mfad/screenshot_439.png
WEEKLY
Price taken out more then 2 valid demand level & we got 2 peaks to connect. So Weekly also downtrend.
http://s24.postimg.org/5zpu6xm1x/screenshot_443.png
Daily
Daily is also down price takeout some old demand level on the way down but um not sure about the trendline on daily chart over there.
if the marked Ellipse zone is a peak then the trendline is ok. I hope alfonso will share his expert opinion about this.
Price at a old fresh demand level so i will not short here if price pullback and break trendline then i will w8 for weekly fresh level of supply to short again.
http://s24.postimg.org/9tjag33dx/screenshot_441.png
Source of the Daily demand zone
http://s24.postimg.org/cc4zgrp45/screenshot_442.png