i expect a retracement to fibo 38.2. then i am waiting impulse.
WE HAVE TO LOOK HOW THE PRICE WILL MOVE INSIDE THE ZONE THAT IT IS NOW AND WILL LOOK FOR BREAK OUT ! MOST % HAS TO GO DOWN BECAUSE IN 1D CHART HAS FORMED A BIG DOUBLE TOP AND THE RESISTANCE @ 1.07300 IS TOO STRONG TO BREAK RIGHT NOW SO I PUTTED 1 SELL ORDER @1.05600 AND TP@1.03600 AND ONE BUY LIMIT @1.07700 AND TP@1.09200 TRADE WITH A PLAN GUYS AND WITH CARE !
We can see price close to channel support + stochastics bouncing off support + RSI bouncing off support. Looks good to buy for a rise from here.
Have to wait for major support at 1.0635.
Price bounced back from trend line support. Trend is bullish unless the invalidation level hits. Target is 1.618% Fib extension near the trendline resistance. Disclaimer:- Investment in financial instruments carries a high level of risk, and may not be suitable for all investors. You can even lose all of your investment. So invest money that you cannot afford to...
Expecting temporary weakness in NZDUSD - Long AUDNZD @ 1.04995 with 20 pip Stop and >40 pip Target.
Another way up and seems long from my experience. ALWAYS USE A MENTAL TOP AND USE IT
Potential breakout for AUDNZD using mirror trading. Once it breaks current channel perhaps ?
FX:AUDNZD Safe Trades; open.spotify.com
AUDNZD reversal due to fundamental change ( I am technical trader, no much to share about this) All MAs supporting the price to go up, will try to hold my positions longer if possible.