This trade set up is based on elliott wave analysis and the extremely negative sentiment towards gold and oil. Risk/reward Ratio = 2 You can buy 50% of the trade now and the other 50% by limit order at 1059. This long trade is in line with our longs in NZDUSD and Oil. Happy trading :)
The current sentiment is bearish. Any move up would be consider a minor consolidation for further move down accordingly. The question is how deep the price would go before resuming the major B wave. Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS and get 30 days free-trial. Suitable for all traders. Please,...
This is my attempt to short seeking 385 pips before the break of the major support of the current consolidation. Check my trade plan this "first act" short position: My subscribers will receive all the rules to engage the "second act" of the short position to catch the potential downward move, if it is likely to happen. Happy days!...
Despite an inverse reaction to yesterday's FOMC minutes, I'm still looking to be bearish the USD as we anticipate a rate hike in December. Being a technical trader, my fundamental views won't affect what opportunities I take, but it can beneficial when they both line up on the same side (for those of you who remember the USDCAD trades over the summer). Anyways,...
This NZDUSD trade is something that I've been keeping tabs on for the past few weeks. In fact by this point I think my Live Trading Room & Sydnicate members are probably sick of me mentioning it. But during yesterday's FOMC events price action finally pushed down into the area that I was willing to buy at. Although i didn't get filled on the initial push (due to...
Aside the wave counting, the structures support the hypothesis of a trend continuation towards the decending weekly trendline. Happy trading! _________________________ Would you like to trade based on analysis like that? Contact me: insidemarketfx@gmail.com / Skype: @insidemarket168
Friends, Following is the current #kiwi chart, highlighting a few of the recent market geometries that have developed, such as an Elliott Wave Contracting Triangle, which offered the mechanism of descent to the current levels, whereas a nascent Geo is now offering its own pacing, affording price a soft landing towards the Predictive/Forecasting Model target,...
October marks month 6 of a very strong downtrend in the Kiwi. We have many technicals, as well as interesting fundamentals suggesting dollar weakness for the rest of 2015, perhaps extending into June 2016. This fits in with the probability of retesting the mode in the coming 6 months this chart presents. Currently, we have a weekly uptrend target on chart, and a...
Addendum to my daily NZDUSD short idea. EW background suggests wave 2 completion is near...I'll be watching for a short entry. 1.618 of wave 1 matches my time at mode target but it could overshoot and hit lower levels if the RBNZ supports my view and continues aiming for a cheaper NZD. Tim West's rgmov indicator marks a high that hasn't been breached yet, I'd keep...
In this chart I describe the relationship between gold, the pound and kiwi. I think we have a very strong trend going, which hasn't ended. It's highly possible that the gold EW count in the related ideas pans out, which would correlate with the bullish signals I obtain from the gbp/nzd and gbp/gold charts using time at mode. Initially, we had a correction after...
Target one reached. For the target two the stoploss is at breakeven. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Friends, A bird's eye-view from the monthly chart offers a probable geometry-based play, as illustrated in the following monthly chart: In essence, there are two levels to consider: A probable resistance and a lower support, based on simple structural analysis, and complemented by the Geo's own geometry rules. STRUCTURAL ANALYSIS: Very simply put,...
Here is my attempt on the dollar correction. First I figured out a leading diagonal withing a leading diagonal. I used MACD to identify which were likely to be the 3th Elliott wave. Than a correction may be in play: an ABC pattern The strategy is to buy at 62% retracement of the 'A' leg. Happy trading! ___________________ *For now on I'll reveal the money...
Confluences: 1/ with the trend 2/ bounce of the upper channelline 3/ 0.6625 as resistance level 4/ Fibonacci 61.8% bounce 5/ MACD bullish divergence Additional: * H&S - pattern on 4H/1H * Weekly high test * Fundamentals are in our favour
Hey gang, first of all thank you for all of the great comments on yesterday's youtube video "How Do Know If My Trading Strategy Is Failing" (www.youtube.com) You guys said that you've learned a lot and please continue to let me know exactly what that was in the comments section on Youtube. Today I've got bearish cypher patterns on both EURJPY and EURAUD on my...
In depth technical analysis on NZDCAD - My outlook is bullish on this pair
Two weeks ago, I suggested that the kiwi dollar could stop falling (after 12 consecutive weeks of declines against the US dollar) as a long term support at $0.65 was being tested. Prices are back up to $0.6515 just before the RBNZ rate statement later today. The consensus expects another 25 bp cut in the main refinancing rate to 3.00%. The latest cut took the...