Frankyfnz

Frankyfnz

Hey traders Its been a volatile past few days with Trump and North Korea talking trash with each other sending global exchanges into the red, and breaking the DOW's 9 day streak! But aside from that we can still find setups in the currency markets, NZD has been in a strong uptrend since late 2015, so even with a slight drop at the start of this month, price has...

Frankyfnz

Hey traders Here we have a potentially nice setup forming. Price has reversed within the 50.0% & 61.8% fib retracement. Price has reversed on previous structure formed earlier this month. Multiple lower lows and lower highs forming. MA lines have crossed showing a change in trend on the hourly chart. RSI has touched the 30% oversold mark previously but selling...

Frankyfnz

Hi again traders here is another potential trade I've been watching for a few weeks now. As you can see, price has hit previous structure/resistance which is a key indicator for a reversal. My RSI set up has shown that price has reached the overbought area and has already started its reversal which you can see on the chart as well with a strong bearish candle on...

Frankyfnz

hey traders! Here we have a clean short setup on the GBPUSD pair. Price has touched previous resistance for a third time and will be looking for a move south. Price is also in the 61.8% fib retracement area. As you can see my 10MA has passed my 20MA signal which is a strong sign of a reversal. Price has already made a sell off move on my RSI indicator and has...

Frankyfnz

Here is my analysis of the GBPUSD currency pair. This pair has been down trending for a while now and past bullish leg has come to a close on previous resistance at the 1.3000 level. Price has already reacted once and has come close to the 70% overbought RSI signal. Would recommend a TP level of either 1.2700 1.2500 1.2000 and a SL position of around 1.3150...