@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible GBPNZD Bearish Bat Pattern Daily Short Opportunity 1. Previous structure 2. All SMAs are lagging 3. Price reaching 0.886 level 4. RSI is about to get over sold 5. Wait for confirmation
GBPNZD completed Kiss of Death (KoD) pattern on bearish trendline and hawkish RBNZ rhetoric. First Target TG1 can be set at 1.8000 handle and the second TG2 at 1.6000 with stop above 2.2000.
Based on Current PA it looks like its trying to complete Potential Bearish crab and its also supported by NZDUSD down move. I am watching closely to try and catch the CD leg of the CRAB formation.
A confluence of a crab pattern and an ABCD pattern. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Bullish Alt BAT , 1.93xxx area has been strong support for quite a while. i would Long around 1.936x area with the SL around 1.93
I let the chart do all the explaining.
RBNZ Interest Rate Decision - there has been speculation that the bank will cut rate today. In anticipation of this most of the NZD pairs have shown NZD to be weak as other have gained. However, looking at all NZD pairs it seems that the gains have been of the corrective nature. Therefore, if the rates are maintained there could be spike in the prevailing...
I split this into two orders, since in my experience reversal candlesticks like this one often don't provide the pullback one would hope for. So I'm short at 2.030905 and at 2.05041; my stop for both orders is at 2.05995, with my take profit at 1.96389. The rationale for the trade is simple; we're seeing a downward channel on GBPNZD, and now we have a reversal...
Mostly base on support and resistance line. as point by small arrows. as well as "CUP Formation" as point by YELLOW BOX. The recommend entry for this setup as point by GREEN BOX is, LONG @ 2.0000 STOP @ 1.9600 TARGET @ 2.2000 ** The RED BOX indicated a intermediated support, where the long position should be exit when price move and its weekly...
(See the edit to Gartley #1 in the comment below) Looking at the 4 hour chart there are two potential Gartley patterns setting up: Gartley Buy Pattern (purple): Buy @ 1.9870 Sell @ 1.9770 (SL) (Note the typo in the above chart) Sell @ 2.0084 (TP) Risk: 100 Pips Reward: 210 Pips After the Gartley Buy, we also see a potential Gartley Sell with the CD leg...
Looking for a Bullish Candle Stick to enter long to 2.1480 on GBPNZD The trend is up on the weekly and I want to ride this trend to the 1.618 Fib extension. Small entry now and rolling over in case it pushes lower. Heavier position on a BULLISH candle stick formation. This is a negative carry trade so take if you wish
GARTLEY , GO LONG !!
Normally I'm not interested in trading against the trend, but I think enough of an opportunity exists in going against the trend here -- and after much observation I think it may improve my trading -- I thought the setup on GBPNZD would be worth taking. We see price is in a bit of a downward channel, but has fallen to support where today's price action is stalling...
English : Channel up already perform, with target maximum at 2.0950 If this channel break down, maximum correction at 2.0286 as support area Indonesian : Channel up sudah terbentuk dengan target maximum dilevel 2.0950 Apabila channel ini break down, maka bearish target hanya pada support area dilevel 2.0286 Analisa minggu lalu :
My usual channel setup with macd divegence , there is a multi day bear trap flush but I will be waiting for price to drop lower to get a better entry. Trading GBPNZd is tricky because of the larger ATR.
I won`t trade this one, because of the Risk reward being too close to 1. Due to my MM rules and the big range I would only be able to shoot for target 1 at 0.382 and with slight frontrunning orders + target adjustments to the real ranges, the actual risk reward probably goes below 1. Therefore I pass on this one, but GBP offers better Cyphers on other pairs...
the usual stuff, i see h1 channel , divergence and a break above previous day high. I am gg for TP level at a f6 level, and a stop below recent low. Just playing off on NZD weakness