Possible opportunity for long term swing rend trade Risk 245 PIPs Take Profit 534 PIPs or more If recent pivot low/whole number is broken remove TP order and chase with SL
Eurnzd trading around 1.50 level strong resistance above 1.5150 level if hold below we can see toward 1.46-1.44. its also below weekly pivot point that is 1.5120 Sell in range of 1.50-1.51 sl above 1.52 TP 1.47-1.44
this pair has reached the top of the trend line and looks to be respecting it. we are looking for indecision in the lower 4hr to 6 hr time frame and then a break of the 1.503xx area to go short on this pair
looking for this pair to drop down to support area of 1.48400 zone
Test and fail of the downward trend line, as well as 2nd test of 50 Fib level, indicated a valid short entry. Price breaking and closing above/below any of the trend lines would mean that this setup no longer valid. Good sell opportunity until 1.4800
This was a nice trade but i forgot to post it since i was away, anyways i was in when we got a "D" im in profit hope i will post next time trades on time so anyone can join
Hey guys, this analysis is going to be long, but i want to explain how i view the market and i do my top down analysis. As we can see on the left, we recently broke and closed below an important structure level (blue line) and this means we are in a downtrend. Our bias now is bearsih, and we want to be involved in a short position. Nonetheless, we can't set a...
Double Top Setup #1H Entry: 1.5013 SL: 1.5105 (-92) TP1: 1.4916 (+97) TP2: 1.4873 (+140) TP3: 1.4830 (+182)
Hi traders, on EURNZD we recently broke into new lows (since mid2015). The next level of daily structure is way down at 145.00 flat. In this case we can see price "free falling" downward, so there's no space for big retracements that allow us to enter the market at good levels. We can see though some simple pattern formations that let the price breathe and give us...
Double Top on #H4 Entry: 1.5063 SL: 1.5219 (-154) TP1: 1.4985 (+77) TP2: 1.4891 (+172)
Eurnzd Trading around 1.5115 and Formed Strong Bearish pin bar on Daily chart and also Formed Double top. and ignore 1.52 level We can see a drop till 1.48-1.49 advice to sell in range of 1.5116-1.5180 SL above 1.5250 TP1 1.4980 TP2 1.4850
A beautful SVF (Squeeze Volatility Funnel) here on EUR/NZD. This time the entery is after the break of our L3 because of the brief rally EUR had earlier today as it broker the Funnel a little bit but quickly pulled back and is now breaking our L3. Risk/Reward as usual very high 8.4/1 this time. Note: The market might pause at the first level and pull back, do not...
WE SEE EURNZD REPEATING THE SAME SCENARIO TWICE AND NOW IS FORMING THE SAME FOR THE THIRD TIME ! BOTH TIME THE RETRACEMENT WENT NOT MORE THAN 0.5! SO AT 1.52800 IF TH PRICE BOUNCE BACK I WILL ENTER A SELL ORDER WITH SHORT TP @ 1.51800 AND LONG TP@1.50200