FX:GBPNZD   British Pound / New Zealand Dollar
1119 23 44
Reached action point... Seems like a classical 1-2-3 short ! Easy? Let`s see ... :-)
Best Regards
Mary

Comment: The RSI signs a possible Ross Hook like illustrated
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Comment: Here is the Retest:
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Comment: intraday fake:
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we need a candle below this level in the daily chart! for a "real" selling signal
Comment: The daily candle is nearly a reversal candle : A HAMMER! Let`s see where the candle will close...
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Comment: wiki: https://en.wikipedia.org/wiki/Hammer_(candlestick_pattern) A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, found in price charts of financial assets. The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. In order for a candle to be a valid hammer most traders say the lower wick must be two times greater than the size of the body portion of the candle, and the body of the candle must be at the upper end of the trading range.

When you see the hammer form in a downtrend this is a sign of a potential reversal in the market as the long lower wick represents a period of trading where the sellers were initially in control but the buyers were able to reverse that control and drive prices back up to close near the high for the day, thus the short body at the top of the candle.

After seeing this chart pattern form in the market most traders will wait for the next period to open higher than the close of the previous period to confirm that the buyers are actually in control.

Two additional things that traders will look for to place more significance on the pattern are a long lower wick and an increase in volume for the time period that formed the hammer.
Comment: No selling Signal yet...it seems that the pair will build a triple bottom...the Long has a very nice crr - but i don`t believe in it. The trenddynamic is still clear bearish
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Comment: Here we go!!!!!
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Comment: crazy
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Comment: black swan was here..
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Comment: i would prefer staying short as Long as we are trading below 1.748
Comment:
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Comment: crazy
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Comment: Monstertrade!! Many Pips!
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u rock :D
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MaryJane,
Do you all the time prefer short position and next short target or are considering long???
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hi ArtFly, i don`t really understand your question.... :(
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ArtFly MaryJane
further short or not?
Reply
ArtFly MaryJane
Hi, MaryJane

Sorry for such a question. It seemed to me that this is the bottom, and now there is a chance for long
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no prob.... i would prefer staying still short as long the pair is < 1.748
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You are amaaaaaaaaazing,, thanks for sharing
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I'll watch it...too.
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selling at support though?
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MaryJane PRO Rocketman
Hmm, normally i enter the market directly with the bo, but just with half the position size. I do that to be on board. Others wait for the retest of the bo-niveau (ross-kook) . but ifd this hook does not come, you miss the trade. Greez
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