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...
Having come from quite a large impulse to the down side I do believe we are due a slightly larger pullback/correction. to highlight we are still in a bearish cycle we have recently broken a daily low. My ideal area of interest would be on the 3rd touch of this descending trendline. In this region we line up perfectly with the 1.79000 key level and also the 50%...
Look for AUDNZD to retrace and NZD to be bullish
Looks like we have completed some sort of ABCDE play for the bull side, If this is correct, there is an amazing longterm buy-side trade that opens up.
Kiwi trading at the top of the monthly range and starting to show signs of decline. Coronavirus risks keep weighing on the market’s trading sentiment. Further downside could be restricted by a 200-HMA level of 0.6005. C WAVE indicator showing short trend forming on the 12 hour timeframe.
Hi Traders, I do expect rally to resume ( with that scenario overall switch to risk off has to happen ). Discussing entry and stop levels as well as possible targets. Happy Holiday Season Good Luck
Pullback to the .50 4hr chart. Then continuation down to the next fib level painted on the 1hr chart here. Trade at own risk, not financial advice in any way. enjoy the rest of the weekend!
AUDNZD buy stop 1.01658 SL 1.00527 TP 1.03916 R= 113.1 pips Si el precio llega a 1.02792, mover SL a 1.01887
ONLY entering on 4hr price action confirmation. Use appropriate risk & trade management