Ok the smily face was a joke, but NZD/JPY looks like its going to head down. These yen pairs always seem to follow the bell curves, and this might break. Developed a lower high and looking for lower lows. Stoch and RSI are showing this has massive downside potential. Great RR ratio
Hi traders: Here we have a quick opportunity to go short on NZDCHF. I am bias on bearish on all NZD pairs, and NZDCHF is one of them that gives a clearer entry point. We are seeing a nice bearish flag pattern developping on the 1 hr chart, and potential targeting the recent lows. TP1: 0.6965 TP2: 0.0625 Thank you for your support and feedback.
DXY looking to push further up at the current price level. ZXY doing the opposite IMO the price levels are at a good area to open a short, trade at your own risk, this is just my idea.
Looking at next week risk events, we do not have any pre-planned events specifically for the Kiwi. However, looking at the price development since mid June 2017, we have a strong bias that we will be seeing an impulsive bearish move real soon. Here are my technical reasons - 1) Price has entered into an extreme region of 200% - 261.8% extension area; 2) Price...
Stops should be placed either below 1.0300 or 1.0240. I will give it some room, and then move stop closer to breakeven if it moves as planned. We should not get daily closes below 1.0350/0330/1.0300. This area should not be broken decisevly in my opinion. Or it might get ugly, so as always keep your eyes open to the news feed, and new developments, that could...
it's better to wait for price action candle signals to go short there is good R/R trading option here. we will follow the trade from now on this chart
New Zealand US short here. New Zealands reports of trade surplus were below expectations and yellen is expected to hype up the rate hike. Beautiful rejection of the daily resistance. Currently in a symmetrical triangle with beautiful rejection wicks. Nice crossover on the daily stoch. RSI showing it is overbought. I'm shorting at 7300.00
Hey guys, i'm paying attention to NZDUSD this morning since it presents a good opportunity to short with the proper signal. Price is up to retest a daily structure level and is finding some troubles breaking through. The Rsi divergence also confirms our view: as we go down on lower timeframes such as 4h you can see the recent upmove tried to break the recent highs...
Hey guys, i'm paying attention to NZDUSD this morning since it presents a good opportunity to short with the proper signal. Price is up to retest a daily structure level and is finding some troubles breaking through. The Rsi divergence also confirms our view: as we go down on lower timeframes such as 4h you can see the recent upmove tried to break the recent highs...
NZD CAD is looking like its about to reach it's fifth wave at around the record highs before it runs out of steam. My TP1 has been taken and now I'm waiting for TP2 with stops at break even. I'm expecting a big down move after this is all over.
On the daily we see a break and retest of the resistance. Looks like the bears are running out of steam and showing slight divergence on the RSI. This could be the beginning of the third wave. Long term can add up to 3000 pips on the elliot wave. It's already reached a record low and the higher highs and higher lows have kicked in. BUY!
NZDUSD Price has shown strong rejection we can see long upper shadows, also yesterday's candle has completed a bearish engulfing pattern.
LONG now at 1.05106, Stop Loss 1.03805 Profit taking at 1.06490 or 1.07606
Kiwi Dollar SHORT opportunity at 0.72500 Profit taking at 0.70830 or 0.69810 Happy Trading.
NZDUSD Price is forming ascending triangle we have EMA's cross also. Let's see if Resistance will hold or price will broke it all depends on news today.
There is a H4 chart bullish cycle ending. We are looking for sells. H1 chart lower lows created already. We want to go short with the breakout of the most recent m15 up trend line. Protection above 0.7220 Target 1 - Risk - Reward ratio of 1:2 Target 2 - 0.7070. Target 3 - 0.7020.
Looking for a big move down to continue the overall trend. Target is approximately 74 flat. Nikkei approaching resistance and Kiwi rally IMO is largely over-done. Stop is above 79.50. Hopefully we make pips :)