CADCHF has continued to move southwards inline with its recent trend. I have taken time to give a slightly different insight into what the markets are doing with respect to Price Formations. The head and shoulder Price formation which I also like a lot seem to have triggered the recent bearishness.
EURNZD has shown a reluctance for the recent bullishness to continue. We now have a the formation of a head and shoulder, with the second shoulder showing Pin bar rejection candles. It this setup pulls off, it still could be contained within the symmetric triangle formed from the recent and previous head and shoulder price formations.
EURUSD gave off another Bullish Pin Bar at trend-line support after the initial one which is shown in the chart above. EURUSD is in no doubt bullish mood and though the
trade rooms previous bullish entries had hit TP, we still look for new bullish entries on retracements.
NZDCHF chart shows a pair which has broken through trend-line. Though we have a counter trend Pin Bar at the moment which could move the pair higher in a corrective buy off, more sustainable entries would be sort as the pair buys corrective into 0.8750 area.
After NZDJPY made a bullish break of its trendline, bias on the pair changed to bullish. And there had been two good possible entries. We still buy on any decent retrace into this pair.
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