The pound is a focus of attention of the forex market. Because Brexit is entering final straight. Yesterday the European Commission's chief negotiator Michel Barnier said that Brexit deal within reach in last-ditch talks, but doubts remain. And then there was information that the legally agreed text will be presented to the delegations of the EU and the UK no...
GBPNZD has started to approach a pretty interesting level - possible short-term reversal expected.
3. 2015 low
4. Previously worked strong area
5. The round number 1.93000
6. Weekly EMA200
7. Wait for a bullish candlestick formation 1H+ TF
Take a second and support my effort by hitting the "LIKE" button, it is my only fee from...
Hope you guys doing good.
as we discussed a month ago in our previous post. Gbpnzd just reacted to the previous monthly strongest supply area and now drops are heppening. Always make an enrty zone to zone and get earned.
We don't use fundamentals, news etc we just follow SD imbalances.
Previous analysis linked with the post.
This was a mark up was on
9/30/19 - 10/3/19
I didn’t take any trades. I was simply practicing my analysis and see where i was heading with this.
4hr and the daily showed a confluence of the 61.8 and the 38.2 matching and where price continued to fail to the and make its way to the downside. With the overall view of the daily showing two pushes to the downside...
I really like this one on a technical side. With the EUR coming down all year the favour is to keep playing the trend to the downside. With price pulling back towards a resistance trend line and also pulling back 50-61.8 % before the daily closed as a nice rejection, I think we could see further downside. I'm not short yet especially with NFP tonight however see...
EURUSD is been bearish for this year, and it reaches the lows this week. I notice a possible reverse scenario for EURUSD at around 1.09200 and if it continues up to 1.09500 I might buy the pair as well. Always manage your risk guys do not gamble.
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#nzdchf , nzd speculators are extreme selling levels 52K since last five years. while commercials are on extreme buying level 49k long. nzd bullish seasonal move suspect ahead for long. chf extreme bullish level. so high probability for reversal here.
Again, the risky GBP pair but I have to repeat myself, the trade is triggered only then when you have seen bearish candlestick pattern around the marked area!
1. The blue trendline should act as a resistance
2. Blue dotted minor trendline
3. The round number 1.85000
4. Fibonacci Extension
5. Channel projection
7. Previously worked...
Price twice bounced of 168 fib, finishing bearish channel pattern. It can still make one more move down but we are waiting for upside break of the channel.
After price breaks channel, making new high from Friday, we can enter the market.
Pretty self explanatory trade. We've been in a long term down trend for awhile now and recently broke the support level and closed below it on the daily chart. At this stage I'm just waiting for a pullback and some signs of entry to get short on this. I'll be looking for a long term trade on this heading towards 29.77820 level
Priceline of US Dollar / Hong Kong Dollar forex pair has formed a bearish BAT pattern and entered in potential reversal zone.
MACD turned weak bullish from strong bullish.
Stochastic has given bear cross.
I have used Fibonacci sequence to set the targets.
The long position can be taken between 0.382 to 0.786 Fibonacci projection of A to D leg coz we have a strong...
Priceline of US Dollar / Swedish Krona forex pair is moving within an up channel and now hitting the channel's support.
MACD is strong bearish and stochastic is still not oversold so I would suggest to wait for MACD to turn weak bearish or for stochastic to give bull cross then take long position.
I have used Fibonacci sequence to set the targets: