NZDJPY has showed major weakness for months this year, and continuous to plummet .
Price has found way back to the weekly ascending trendline and is cornered.
Wait to see if trendline support holds or if it breaks a break will see it move towards the next area of support below trendline if it hold it be indicated by a bullish engulfing close on weekly to...
Shorting USDCHF from the yellow area as that is a supply area on the short (15min) timeframe, as well as the long (4hr, gray area).
These setups usually produce good movements so I am hoping to get a 1:1 RR, as indicated on the chart.
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while....
NZDUSD is still far from any big buy orders (gray area on lower chart) and the short term trend (4hr) is distinctly down. Therefore we have a short bias.
We are coming up into a supply area (yellow on 4hr chart) that we didn't quite reach last weak but are probably gonna hit today or tomorrow. Looking very good and with a risk to reward ratio of 1:1, we only...
On the EURUSD we are currently bouncing between the two red 4hr supply and demand areas. As we are currently in a downtrend and in neither an oversold or overbought area, we have a short bias.
On the 4hr we are moving into a supply area (yellow) which we didn't trade last week due to the entry being triggered pretty late on friday. This luckily gave us a better...
In the last few days we had a very parabolic move, which is very unnatural. It all reminds of the rally up to $20000. Accordingly, I would watch out for the euphoria that currently prevails. Because the game could change very quickly in Bitcoin in the other direction.
The critical area I have marked serves as a very large resistance. Until now, it has proved to...
Imminent approach to $8400-$8470 is coming for bitcoin.
After that, it will enter a critical area of huge proportions.
Basically it can go anywhere from there. Personally, I WILL stay as far away from that area as I can.
There are three major scenarios at play here:
S1) GREEN ELLIOT WAVE
It will reach 8470$ and bounce back up 'thus confirming the GREEN...
EURUSD after the breakout strong support level at 1.1700 went lower to 1.1570 and backed near 1.1700 where is now large sell area. After this, price slightly increased last low and back to sell area at 1.1660-1.1700. Looking for a higher timeframe charts EURUSD looks like it will continue fall. Also looking for a political and economic events in USA we are...
Res1 - 3 time strong
Res2 - 2 time strong
Sup1 - 4 time strong
Sup2 - 2 time strong
My prediction is next time NZDUSD pair trend will hit Support area level 1!
So Sell when you will see Strong Sell signal...
Check my other ideas too
OANDA:EURCHF has formed bullish pattern by reaching point 5 of the Wolfewave. Currently it is re-testing support in the 1.083x area and RSI is showing divergence on H4 time frame.
If it holds and new peak formation will be confirmed, it presents a good opportunity to enter longs.
Following recent fall in global stock markets, if the downtrend continues, OANDA:EU50EUR will likely form the bullish blue wave.
As a possible confirmation for current continuous downtrend, minor yellow wave is being formed.
However, even if it doesn't succeed and the price reaches 349x-35xx support area, this will provide an interesting...
We can expect bounce up from fib 0.5 level up to 0.382 where also bollinger middle band will be touch. This gives us a great place to put in short position with target around support line at 1.2260
Have a nice weekend.