Hi, I just wanted to share with you some setups for next week and my thoughts about them.
1. AUD/USD
http://img686.imageshack.us/img686/442/audusd.gif
- pinbar on the weekly, I think the price wants to retest the BRN @ 1.0000 (maybe 1.0100?) and I will be looking for some bearish price action at these levels. I think it's not the end of this BEOB.
2. NZD/USD
http://img547.imageshack.us/img547/7294/nzdusdp.gif
- pinbar + previous resistance @ 0.7630 now turning into support. I think price will retest the previous high @ around 0.7920.
3. NZD/JPN (weekly + daily)
http://img517.imageshack.us/img517/4...djpnweekly.gif
http://img522.imageshack.us/img522/2190/nzdjpndaily.gif
- price closed @ BRN 65.00, which was previous resistance and is now turning into support (daily chart is showing it even better). So I'm looking bulish on the NZD.
Just wanted to show these nice flip zones when support is turning into resistance. Any comments appreciated as always
Cheers
1. AUD/USD
http://img686.imageshack.us/img686/442/audusd.gif
- pinbar on the weekly, I think the price wants to retest the BRN @ 1.0000 (maybe 1.0100?) and I will be looking for some bearish price action at these levels. I think it's not the end of this BEOB.
2. NZD/USD
http://img547.imageshack.us/img547/7294/nzdusdp.gif
- pinbar + previous resistance @ 0.7630 now turning into support. I think price will retest the previous high @ around 0.7920.
3. NZD/JPN (weekly + daily)
http://img517.imageshack.us/img517/4...djpnweekly.gif
http://img522.imageshack.us/img522/2190/nzdjpndaily.gif
- price closed @ BRN 65.00, which was previous resistance and is now turning into support (daily chart is showing it even better). So I'm looking bulish on the NZD.
Just wanted to show these nice flip zones when support is turning into resistance. Any comments appreciated as always
Cheers