The bullish pennant on the daily chart of GBP/NZD offers an upside breakout opportunity. The pennant's borders and its pole are marked with the yellow lines. My potential entry point is at the cyan line. My potential take-profit level is at the green line. I will set the stop-loss order to the low of the breakout bar (not shown).
#NZDUSD locked in all profits in pyramid short position.... Now opened a new short position @ 0.7034 Dollar is king now.... Gann Analysis
#NZDUSD placed my SL at the top of today candle...... kiwi could retrace now..... Dont want to give all these pips back... Gann Analysis
#NZDUSD still Short just added another @ 0.7139 Gann Analysis
NZDUSD love it when a plan comes together.... added another short 0.7113 Kudos to all the shorts!
NZDUSD Using the Spiral indicator it picked up the swing move top to the pip..... Kudos to those that are short! Gann Analysis
#NZDUSD my forecast calculation of the 9-7-16 top is looking better by the day...... pyramid trading has begun.... short @ 0.7366 / 0.7267 / 0.7211 I only pyramid trade when I have a strong conviction and price action is confirming my forecast... Kudos to those that are short! Gann Analysis
This is an interesting pair, i have been watching and trading in the recent weeks and months. I am expecting a huge bull move. And the chart is showing that this market is getting ready for this move. On this weekly chart, we see a huge Shoulder Head Shoulder Pattern that has been forming for 2 years, and right now we are forming the right shoulder of this...
Waiting for confirmation candle after break/bounce at 0.72689 (R3 pivot), or after break at 0.73630 (R5 pivot) before sell/buy. If confirmed long, good TP is at R1 on weekly chart. 1W: 1D: www.economiccalendar.com
Hey traders! The wave count suggests more bullish price action toward continued correction at wave-X above. This potential Gartley pattern may be a good opportunity to enter long. I have an initial price target at .5 AD. If price rallies into a strong bullish impulse, I will ride this one out toward the top of the channel. If price breaks through the SL, a...
Lets watch and see how the market reacts to this trend-line. I will be buying on a bounce (confirmed candle). I will be looking to see how price acts around .70035 if the trend-line breaks down. My guess is that it will be broken too, although we will have to wait and see. If it is broken too, I will short.
I've noticed a doji star candle on the weekly chart. So I believe that the NZDUSD will drop down to test major support area of 0.7050.
#NZDUSD looking to short kiwi @ 0.7180.... if my calculation are correct that 10-19-16 0.7264 is a swing pivot high.... was waiting for a retrace and it looks like its ready to tank.. Gann Analysis
My current setup. Strength currency chart and NZD currency matrix have been analysed and suggest strong chance of Resistance to hold.
I believe that if price breaks the resistance line of the descending channel. Price action will reach to the next key resistance level of 0.7250 level.