Looking at the above chart snapshot, a bigger picture is showing that the price has been confined in a channel for a very long time!. KIWI now targets the 0.66300 area of interest of the upper channel. The main chart shows there is an inverse head and shoulders formed on the 4 hours charts. If this pattern break and the price retests the neckline we can opt to...
Do you have the answer to that equation on the chart? That's usually how I find as many technical reasons as possible to identify a trade that I will not regret making. The dollar is near the bottom of its major range at 94.4, commodity currencies have proven to be weak as well. So shorting NZDUSD is quite a safe choice and given the fact, the price has retraced...
There are many trading strategies out there in the world but it all does not suit us perfectly!. Therefore we end up looking for a new or revised strategy and customize it to our needs. Here i am going to explain one of the best strategy to approach the market when one FX currency has been showing bullishness both fundamentally and technically as well as...
The huge pin bar caught my attention, as a wave of sellers entered the market around the trendline. The direction is in our favour, and there are two key downside targets noted in the short positions. Another trade with simple technicals and a good risk to reward ratio.
Aud/Nzd was pins 200 on 4 hr. Came off pitchfork. This is potentially a place to catch a nice drop to break the trend line, although a little risky of a corrective pattern to trade so use caution if you mess with it.
GN is at overlapping trend fibs, pitchfork, and at a spot in the pattern where it could make a "C" wave to break the trend line. It is over extended and showing divergence on all time frames, on TDI and bollinger bands except for the monthly. It is possible that it did complete a contracted flat pattern and is on its way up considering how this wave looks though....
Good evening traders, hope you're all doing well. This evening let's look at NZDUSD and its mid-term development. On the pair we see a five-wave bearish movement which can be labelled as a bigger impulse in play, down from February of 2018. We also see an overlapping five-wave affair down from the wave 4 swing which can resemble an Elliott wave ending diagonal....
The downtrend continues. With no end in sight both on the fundamental and technical fronts, all rallies are meant to be sold.
Entry current Stop below today's low (0.6593) Target between 1--1.272--1.618 Fibonacci multiplier of wave A in wave C. (0.6769-0.6818-0.6879) Risk/Reward almost 1:8!
AUDNZD closed the month with an ugly bearish pinbar, well below the previous candles body after taking out previous months stops and also rejected hard by the 50EMA. Leaning bearish on this one to take out the clean lows at ~1.06587. PLAN OF ACTION : Enter short on a pullback at the weekly low of ~1.09 if given the chance, use the weekly/daily open strategy and...
Keeping an eye on this one, possible pathway, stalk for entries on lower TF. Good luck
Still bullish on the pound and I have clearly identified an order block above the channel we have been trading in. You can open longs on this pair to take your profits above once price crosses over the 2.0000 - 2.04444 area
nzdusd is about to go long. It broke the resistance, has retested and will start to rise. i believe price will make it to atleast the previous high before retracing again.
going for long trade to the next resistance level.
See trade above for a reversal strategy on the selected pair We are over extended to the downside approaching a key long term supportive price of 72.500 We have deceleration at this point and a doji formed on the daily chart Entry Triggered @ 73.250 SL : 72.250 (100 Points) TP : 75.000 (175 Points) Please remember to only risk 1% of your trading...
The price needs to break the neckline (as indicated in the markup). Once that neckline is broken, we should see a nice move up. Keep in mind that once the neckline is broken, the move up will be fast due to short covering.