at least two violent rejection of the resistance line. since there is no support since the last flip of the pivot point price must push higher and create its support. looking for a clean break through the level, create space and retest the level. will be blind on the bid.
We will see the uptrend until the pair tags the upper structure then will retrace downside.
GBPNZD just broke a major level after The Sterlings strong news week, and will probably see more upside the coming weeks due to the news about a rate hike coming up in the next couple of months. After this daily candle close I might go long next week if the candle closes above, if not, I think we will see another candle close above at a later time. But I feel...
After the sterlings huge bullish run last week, I anticipated in a previous analysis it would be aming for the major 1.9000 this week. And now I think that wave might be up next. I'll wait for the price action to tell me to go long. Who knows, maybe a break of the CTL or poosibly a close above 1.8600 if I have to. I will be aming at 1.8800-1.8860
The cross reverse his direction and now are ready to reach the sky. The pressure are long with medium value For a list of market pressure of all crosses visit my twitter profile. My service are free .. if you trade my idea with profit, please make a donation to this bitcoin address 14hiFQfBZHLBsZ6D9oCr3g1cnoESLbHJNS thankYou ;-)
A light strong market pressure lead the cross to reach the tarket in next days
Idea: Looks really short...but is it? Expecting price to bounce long at Daily R2 pivot 1.84200, further strength to Daily S1 pivot 1.86587. Looking for Fibonacci support on the way up. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you...
AFTER WE BROKE THE NECKLINE OF THE DOUBLE BOTTOM, NOW IM PRETTY SURE THAT THIS MARKET NOW IS TURNING BULLISH FOR A LONG PERIOD
IDEA: Expecting support 1.805. Looking for resistance at 1.83285 @ Daily R2 pivot. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Hi traders, We had a very long range on the GBPNZD daily chart and we recently broke it. The arrow that is pointing on the last candle is the re-test candle, testing the previously broken area successfully. I will open my trade on Monday and see where price will bring me :) On my first target, I will take out 50% of my profits EXCEPT price is showing strength....