POSSIBLE DOUBLE BOTTOM FORMING ON WEEKLY, REACHING MONTHLY TRENDLINE SUPPORT, MONTHLY CANDLE WILL POSSIBLY CLOSE AS A DOJI,
Long NZDUSD @ 0.6333; TP @ 0.6459, SL your choice
This pair is into a great downtrend, we recently got an almost 2 weeks retracement ended by a high test candle right at the 50EMA level sending the price back in the down direction. I believe it will continu to drop until the end of the month down to 0,67 Since we are a little bit late to enter on the daily chart i'll search on the intraday charts in the following...
This pair has created a bearish structure for me and I will be looking to take shorts around the area I have highlighted. My short term take profit is highlighted at the bottom, this is short term as I believe this pair has huge potential for more downside. Trade safe and good luck!
The Kiwi is making an attempt to break out of the hesitance in the recent sessions and resume the upward trend in the red channel. If the current momentum is preserved the pair will be on course to reach 0.6450.
This pair has broken out of a downtrend and I am seeing a potential move higher. A buy zone was created in the London session today and I am hoping for a consolidation back into this zone tomorrow. The take profit is a previous support, now resistance. Trade safe and good luck!
Sell orders have been filled, looking for a rejection within the next few hours or my stop will get hit haha time will tell my broker has been hunting my stops recently
It's Monday, it's still in Asian Session. Just wait. I am not one to predict/choose a direction out of thin air. Having said that though, I would love it if price close above those delicious liquidity pool haven 1.0700-1.0720. If the price reaches there, I would set my intraday bias into Bearish and will short this pair once a bearish technical signal been...
Have a look at the above link for the complete analysis behind this trade execution TRADE ENTRY: GO SHORT 67.000 LEVEL OR ABOVE TRADE TYPE: SWING TRADE (SHORT) STOP LOSS: 71.1000 TAKE PROFIT: 63.000 RR: 1:1 SHALL THERE BE ANY UPDATES I SHALL PROVIDE THEM IN THIS THREAD. Cheers
Let's go for 159 Pips on this trade, EURNZD, gonna capitalise on EURO weakness for sure
Hello dear Forex friends, hope you're doing well guys! ;) The Kiwi is at a critical stage similar to the Aussie: We have only a few important levels left, before the 2008 financial crisis lows are lurking in the background. The Kiwi falling down to 60 Cents psychological would at the same time mean that we get oversold on the Weekly, which would be a great...
The AUDNZD had been in a bullish trend since price bounced off at 1.0280 on 6th August 2019. That bullish move day followed by a massive price expansion the vary next day (230 pips!) thanks to RBNZ cutting their rates from 1.25% to 1.00%. NZD had been in a massive sell off across the board since then. Retail sentiment on NZD however, remains bullish NZD. Indeed,...
Have a look at the snapshot above. It represents the nearby support and resistance levels on monthly TF of NZDUSD. A convincing close of monthly candle below 0.64000 would likely confirm probable bearish continuation until 0.61000 where the next support lies. Looking at the main chart, there is a nice descending channel continuation! Should the monthly candle...
NZDUSD Long Idea Deep Crap pattern Harmonic SL: 0.62913 ENTRY: 0.63066 TP1: 0.63207 TP2: 0.63281 TP3: 0.63398 !!!DISCLAIMER!!! Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained...
EURNZD Short Idea BAT pattern formed on EURNZD ENTRY: 1.75618 SL: 1.75973 TP1: 1.75078 TP2: 1.74718 TP3: 1.74158 !!!DISCLAIMER!!! Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained...