EUR/NZD may test the uptrend
Have a look at the pair EUR/NZD as it might present some interesting trade ideas.
GBP/USD: The pound left the triangle
Recommendation:
SELL 1.266 SL 1.2715 TP1 1.256 TP2 1.246 TP3 1.22
On the daily chart of GBP/USD, bears managed to move the pair outside the triangle. The pair needs to stick below 1.27 and fall to the August minimum to continue going down. If the August minimum is successfully updated, the AB=CD pattern with the 161.8% target will be activated. It will comply with the 1.22 level.
On H1, bears are planning to implement the AB=CD pattern. They keep the situation under control until the pair returns to the resistance at 1.2925.
Ivan Karamazov
Similar
EUR/CHF: the final target
Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.
USD/CHF may decline
As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
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