Hello traders ! Today we are going to analyse NZDUSD pair. As you can see in a chart,our overall bias are BEARISH but what can you see on 4H timeframe ? We can see nice "Rising Wedge" pattern and also the Elliot Wave Theory. Price has already made its 5th wave and now we should expect ABC correction. I expect this correction reach our support level which is still...
extention of the short trend after distribution phase OANDA:USDCAD
My Personal Intuition: It looks like gold has run out of steam to head to the next fibonacci extension level at 2.618, and is now hovering at 1.618. I believe if the covid-19 situation continues to improve, and markets become less risk-averse, we could be heading back down to the long term support level at 1.000, which is $1738. Regarding the Fibonacci...
Barring a significant market correction ETSY should be able to cross the 150 mark by September. Even with a pullback this stock will probably show resiliency just as it has. The first two blue horizontal blue time spans represent established consolidation periods and the third is assumed (concludes on 8/26)
DAILY/4HR Inverse Head and Shoulders Top formed. (Head and shoulders top after a bearish move, signalling continuation.) Right shoulder formed, and crossed neckline, meaning we missed the breakout entry, however, since I have a strong enough CTS score I am looking for a pullback final chance entry. CTS Scored as follows - Neckline Break - 1 Point Left...
Speculating Price Action, patiently waiting for Entry when price makes its way to re-test its Ascending Trend Line. (Careful CandleStick Reading Req.)
Double bottom, then gained support. MACD passing 0 and OBV is following the current trend. Looking for about 7-15% return in a shorter perioid. strongest resistance lies on the fib. and may be my exit point. Likely to buy in tomorrow AM.
There is a possibility we are at the beginning of an extension third wave. The price must not move below 67.59!
Technical confirmation: *-Downtrending *-Fib 61.8 *-Broken trendline *-Crossed EMA's First Targeting 1.05 Potentiall target 1.04 Be aware of the covid-19 situation #riskmanagement #tradesafe
We have to be careful, there are bigger volumes than expected while going into our PRZ. The reverse signal appeared as an engulfing and now we are free too long. If there are any struggles around B point leave the position. Good luck everyone!
NZDUSD is forming a corrective pullback within a descending channel aka bull flag. On the fundamental side, New Zealand had their Monetary policy meeting last week which was concluded with no cut in rates and no sign of future cuts on the horizon for the time being which the market took as a hawkish hold. This boosted the Kiwi and after this corrective move it...
AUDNZD is currently forming a corrective pullback within an ascending channel aka bear flag. Look for price to do one of two things; either 1. push up one more time into resistance for a clean short entry or 2. impulsively breakout out of the channel and head toward the -27% Fibonacci extension. You can also see a head and shoulders pattern with price currently...
Sorry for the busy chart, taking multiple views of current price action. I am a swing trade/investor looking for maximum potential in 12-18mo hold times. I am already in XRP & built most of my position end between .20 & .30. Speculation could easily give way to adoption in future bull cycles. I invest with an open mind and seek truth within the trend. NOT...
Fibonacci lines up almost too perfectly with the cme gap meme... i do wonder
Looking at the SPY, I have tried to identify wave patterns. My current view is that we are finishing up wave 3 near the 2.618% extension of wave 1 at around ~$365 Wave 3 looks to be extended with 5 sub divided waves which also contains an extended sub third wave. Wave 4 corrective target is set to $250 at the 23.6% retracement of wave 3. This would have the wave 4...