Idea is based on Elliott wave theory and the use of Fibonacci extension ratio confluence. Stochs are used for wave confirmation. More info on the chart. Good luck
GBP/NZD looks like it is forming a complex wave iv. This pair has been on a strong upward trend since April. Please also note that the RBNZ monetary policy meeting takes place on Wednesday 22th July and they are expected to cut interest rates. So far price looks like it is dropping as a W X Y double Zig Zag correction. I have labelled waves W X and a of y and b...
On the Hourly chart of GBPNZD price made three waves up with black wave iii still unfolding. That said pair is now trading in a correction in blue wave 4. The pullback in blue wave 4 may reach the fibo. level 0.382 of previous blue wave 3. After the correction is completed, price may continue to higher levels to around 2.407-2.412. www.ew-forecast.com
Update: 10th July : Update: done with this trade, closed all trades in profit i am watching this pair to long if the support at 2.68 holds and if given chance i will be buying around 2.282 or 2.27 , will get in to which ever entry hits first. entry,sl and tp on chart
4hr cloud break with strong uptrend on higher timeframes: possible in need of a correction w/ spinning top candle on weekly(consolidation pattern) looking for sell setup on 4hr and 1hr with Price action and Ichimoku confirmation.
Update 2: Stopped Out Update 1: Close above highs - Trade is Active Possible Wolfe wave setup on GBPNZD. Long on 60m close above recent highs. After resistance at 2.339 is broken there is little to hold the pair back from reaching the 2.36-2.37 TP zone. Trade will become invalid if price closes below bottom of parallel channel.
1. This furious trend deserves correction (check daily/4H charts) 2. KD present on different timeframes 3. bunch of missed pivots below the price 4. Looks like EW ending diagonal pattern formed on the chart Go short on break of the green trend trend line. Target: - initial: unhit weekly pivot at 2.2727 - whatever market gives, it may retrace substantialy,...
Friends, As announced earlier today, this trade opp was worth following based on the underlying market geometry development. See follow-thourgh analysis here: - www.tradingview.com Best, David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA ----- Twitter: @4xForecaster LinkedIn: David Alcindor ----- .
Well i can see price formed a inverted head & shoulder pattern, tricky thing to spot :p.....Interesting part is that we were trading above this inverted head and shoulder neckline in previous week before NZD interest rate Cut....So, it was a buy :p....Still a buy upto 2.3000 that is the main expected reversal point in my view....Later we will retest that 2.1000...
LESSON: $GBPNZD #fibonacci Strat. #forex $GBP $NZD #RBNZ #BOE Friends, Following is a quick review of a Fibonacci-based methodology I used to employ in trading. Please, consider following the actual trade with its original predictive/forecasting analysis at this link: 1 - FIRST and foremost, I make it a rule that my zero and 100 Fibonacci levels are...
This is a classic H&S bottom pattern. GBPNZD cross could be sleeper trend of 2015
GBPNZD Hi everyone posted this pattern three days ago and it was a success, it reached two targets fairly quickly. Its currently ranging so waiting for a breakout
Idea is based on median line analysis, fibonacci ratio's and basic support/resistance. The rationale behind this setup is shown on the chart along with specific targets and stop loss. Good Luck
GBPNZD are trading in what i choose to see a bearish expanding channel. And we are currently at the roof of that channel. Piphunters are looking to short if we see intraday trendchange with the intention of turning this intraday day trade to a nice(we hope) swing trade. With a target at almost 2000 pips ( in the best of worlds :)) We are looking to short when...
Friends, Predictive/Forecasting Model had already suggested imminent decline (see prior analysis in my threads). In this particular pair, a primary, quantitative target emerges at significant historical structural levels - See line-up of highlights in following chart: In the background, a nascent geometry is taking shape, carving out a speculative...
The GBP is still strong (long-term), it's getting oversold, so its recent weakness should be overcome soon. The NZD remains the weakest currency and is overbought. The GBPNZD pair is in a strong short-term up trend, likely to find support at current levels and continue higher. The caveat - in the long-term, the pair is trading in a range, found resistance at...
As is shown on the chart, Cable bulls have recently broken a massive resistance zone against Kiwi which had halted them several times before eventual upside breakout. Now that there is a throwback, considering the borders of this zone, I favor a rather short lived correction that will reverse in the current zone. The maximum downside potential for this correction...
In my previous GBPNZD chart I suggested a potential larger contracting triangle and associated long trade highlighted has developed really well the low. However the price action has now overshot the requirement for contracting triangle upper limits (see chart link below) Therefore, the contracting triangle is no longer valid, nevertheless in the longer term the...