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.
This is a long term Outlook and fundamentals will affect these levels greatly. Weekly outlook is showing it is ready for a down turn, but with the Texas 2 Step (RSI2) being in the green now means it should get a boost up to red before following the direction of the price stochastics. Daily is what is showing up direction for this week though and possibly more...
#NZDUSD If my calculation are correct kiwi will retrace now but will have a hard time around 10-20 and 21... that is when I'am planning to short kiwi it could go as high as 0.7182ish..... if the price action is right may even go long until we get close to the dates I have indicated.... Gann Analysis
#NZDUSD flat from all my short on kiwi @ 0.7053 time cycles are indicating kiwi wants to bounce..... which I like to short at higher prices....
I missed the top Sell signal a couple of weeks ago since my strategy wasn't in place at the time, but I am taking advantage of an 'add' signal which is SHORT and in good line of the downward trend on the daily chart below. s3.amazonaws.com
#NZDUSD so far kiwi short has been working well.... kiwi may find minor Sup @ 2nd arch, but it could possibly crack it and kiss 0.7027.... looks like its on course to that target
Been waiting to use this new Renko chart on a trade and I believe this should be a good one. Let's see how we do.
#NZDUSD my calculation are telling me that a short term top is in place..... short @ 0.7122 / SL 0.7152 but I wont be surprised if it retraces now...... may want to retest the high again.... but if my calculation are correct it will have until 10-27-16.... that is the time range Gann Analysis
This was formed from a breakout of the previous UP trend channel and already bounced off of the weekly S1 pivot line to retest the bottom of the previous trend channel. This forms the top and bottom of the next down trend. An early TP opportunity would be at the S1 level when it touches again incase of another bounce.
#NZDUSD Heavy selling on those last 2 weekly candle.....
Kiwi is declining through an upward channel and towards its lower boundary. There is a seemingly corrective structure which if broken to the upside, will pave the way for a surge towards the upper boundary of the channel. Cyclical Waves Group