Hi guys, here on GBPNZD as you can see we have a nice double bottom (with RSI divergence) right at the completion point of the Cypher pattern. Besides, this level is also a level of structure that lines up pretty well with the 618 retracement of the bigger leg. The last bullish candle is the final sign of a possible reversal. We'll see. Stops below the low,...
Hi guys, here on GBPNZD as you can see we have a nice double bottom (with RSI divergence) right at the completion point of the Cypher pattern. Besides, this level is also a level of structure that lines up pretty well with the 618 retracement of the bigger leg. The last bullish candle is the final sign of a possible reversal. We'll see. Stops below the low,...
Hi guys, lots of interesting ideas today. Here we have an advanced pattern formation, a Bat, that's completing right near the resistance level that was broken to the upside and that should now turn into support. Whenever this kind of pattern completes at key structure levels i place my orders at the D point, with stops below X, and targets at the 382 and 618...
Hi guys, lots of interesting ideas today. Here we have an advanced pattern formation, a Bat, that's completing right near the resistance level that was broken to the upside and that should now turn into support. Whenever this kind of pattern completes at key structure levels i place my orders at the D point, with stops below X, and targets at the 382 and 618...
GBPNZD H1 Long Resistance:1.74500 This is not investment advice
Possible long set-up on GBPNZD. Recent Daily double bottom at weekly support zone of 1.6850 - which is historical lows for price. Daily break and retest of the zone with a hammer close on 31/01/2017 signalling bullish intent of price Daily 61% fib retracement and support The monthly close was also today and while bearish it shows a strong lower wick rejecting...
I was watching the PM's statement of the UK's 12 Step Plan. (Sounds like an AA meeting) for getting out of the EU completely. The GBPNZD long was initiated as the NZD v's GBP is the strongest most over extended of all the pairs on the Daily currency strength meter that I use. Going for a 1:3 as per usual.
FX:GBPNZD Take it as a Cypher; It may need some room to play below... cluster zone Safe Trades;
FX:GBPNZD Safe Trades;
The momentum indicators are saying that we have divergence and oversold conditions. A signal to go long cam some hours ago and we haven't sold off that much through the asian session.
GBPNZD - Crab Cluster - Long We are have 3 variations of Crabs all completing in 1.73 area We are also at the 113 FIB of the last high low, great reversal FIB We are at least pausing for consolidation, and need some confirmation We are well oversold, but we need RSI to come back into normal territory and restest the 70 If we dont wait, it may just trickle down in...
Long from 1,7258 Your comment and like welcome! Have a nice time
Enter long position after break of the downtrend line