Here on the Euro/ Kiwi ( EUR/ NZD) we have a Nice crab Pattern. now i had this pattern mapped out before the software pulled the pattern. But Needless to say the Pattern is still a good one. The Software does better on the Higher Timeframes. i Like how its picking up more pattern on the major swing points which in my opinion make the patterns stronger. The...
We've been absolutely hammering this pair lately, let's see if we can keep that streak going. This setup is similar to the Aussie play we're looking at as well. I am looking for a small bounce up and a rejection at tenkan sen to keep the bearish trend running. If we get that retracement and rejection I'll enter the sell with the main TP being down at the...
A bit hesitant to take this short as USD seems to be on the verge of reversing. Will be looking at how price reaches the descending trendline and then act accordingly.
Ascending Wedge (Bearish Pattern) 5 Impulse Wave Complete The bears are ought to push price down to 1.39 starting next week.
The kiwi/dollar has touched the lower boundary of the ascending channel. The COT data also favours the Kiwi over the Dollar! Nice set up with good risk reward. If you have any ideas supporting or on the contrary to my opinion please leave a comment. Thank you and happy trading :) Disclaimer: This is not financial advice.
Euro/ Kiwi is printing a deep gartley. this pattern is a new pattern outlined in Carney's 3 trading volume aka 4th book. the defining feature is the abcd pattern completes past the 786. stops are moved to the 113 and if im not mistaken i think the the cd leg can extend to the 2618. ill double check when i have the book infront of me i will up date in the AM.
This is my bread and better trading setup I call the Setup 1... Now we know that prices went down due to Kiwi News earlier this am but could the sellers continue to push it further down? lets find out
AUDNZD sell stop 1.06084 SL 1.07204 TP 1.03840 R= 112.0 pips If price reaches 1.04968, move SL to 1.05860
This is a Pattern week as it develops. Extremely nice obedience of the market to the advanced patterns that are coming up. One more to play on NZDUSD
We saw prices break the previous resistance at 0.59124, now expected to become a new support level. Buy at the new support level and prices will continue to new resistance at 0.60350. Like if you agree.
The kiwi has risen up to a strong level of previous price structure resistance. While my overall bias is bullish I am expecting a drawback here to test support before trying to push any higher. I've drawn out my target at previous price structure we are likely to try and test support as well as a flit kijun sen level. Remember that we are close to a bullish...
I believe it is going to touch top of zone. Only entering on 4hr price action confirmation Use apprrpriate risk and trade management
Potential long trade. Price is once again approaching support both from the ascending trendline and the horizontal ray from October last 1.77000. Stop loss below the previous swing low of Apr 30th and targeting the resistance @ 1.8197. If you have any ideas supporting or on the contrary to my opinion please feel free to leave a comment and we can trade it...
Weekly Kiwi Dollar. the pattern has completed a butterfly. enter after pa has crossed over the red line suffer a retest and ride the trade to 618. not the best setup as its a 1:1 trade :( im not by any means a position trader so im charting because im bored :)) #RiskFreeOrBust OANDA:NZDUSD
NZDJPY is Bearish - We look to Sell at 64.46 ▪️ Short term momentum is bearish. ▪️ A Fibonacci confluence area is located at 64.52. ▪️ Bespoke resistance is located at 64.46. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 64.46, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and...
Rising wedges are continuation chart patterns. Evening stars are bearish reversal candle patterns. Price usually pulls back to the middle of evening star body. Target Woodie yearly S3 - previous swing low. Price almost never go below Woodie yearly S4, that is the ultimate bottom.
EURNZD is Bullish - We look to Buy at 1.7770 ▪️ Continued downward momentum from 1.8179 resulted in the pair posting net daily losses yesterday. ▪️ We have a 78.6% Fibonacci pullback level of 1.7782 from 1.7661 to 1.8227. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ As this corrective sequence continues we look to set...
NZDJPY is Bullish - We look to Buy at 64.85 ▪️ Short term momentum is bullish. ▪️ Bespoke support is located at 64.82. ▪️ The trend of higher lows is located at 64.82. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 64.85, resulting in...