Hey traders! EURNZD is in the midst of a short term abc zig-zag correction and is nearing a level of potential reversal. I have a tight stop semi-conservatively beyond the pinbar support and invalidation level adding to the probability of success. If price drops below pinbar, we have to recount and reconsider our long position. More updates to come!
It would be beautiful to see a final 5th wave. The upside potential is tremendous. Good luck.
#NZDUSD flat from all my short on kiwi @ 0.7253 tomorrow could bring a possible bounce so locking in $$$ now.... On the sidelines for now...... Great scalp trade! Gann Analysis
#NZDUSD Love it when a plan comes together..... kiwi short working like a charm Dancing Kudos to those that are short! Gann Analysis
You can see the initial entry at 1.0315 and i took a second position at 1.0485 after market consolidated on 4h chart i moved both stops for now to the average at 1.0395. So its a risk free trade, and i am looking for a really big move higher to the 1.1200 handle. This huge multiweek flagpattern combined with this double bottom is about to play out, now is the...
#NZDUSD expecting more downward pressure tonight Gann Analysis
We have a huge double bottom that is even on the weekly chart visible. We can also see a beautiful shoulder head shoulder pattern on the daily chart. Wait for corrections/dips toward the broken very important neckline around 1.54/5350 for a entry with a target towards 1.60 or even more. This could become a very good trade, expect dips to be bought, and add to...
Until further notice. Have a nice week!
#NZDUSD kiwi could retrace tonight..... planning on shorting tomorrow
ON THE DAILY CHART WE HAVE A SIMPLE TRADE. WAIT FOR PRICE TO GO BACK TO 0.70634. SELL JUST BELOW 0.70634 WITH A STOP LOSS JUST ABOVE 0.71238. NO PROFIT TARGET SET. LET THE PIPS COME TO YOU.
#NZDUSD Possible top in play..... keep an eye on kiwi.. Red indicates range were top could possible hit.... White vertiical lines indicate range within dates... So 9-7-16 could be the top or in date range of 9-19 - 10-27 the real top could show up Gann Analysis
RBNZ not adding much new in their September statement, and imo, Gov Wheelers speech highlighting the issues with trying to control a ccy with the cash rate makes the persistent worries regarding kiwi/ nzd strength less of a dovish factor than it may appear. Nonetheless, the statement on the margin was neutral, with perhaps the pressure for a lower kiwi and...
Long EURNZD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURNZD has a cumulative probability of a =>6th day lower at 0.5%, hence there is a implied 99.5% chance of reversal on the daily. 2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1SD. 3. Fundamentally I also like being long EUR given the ECBs new more neutral...
Long GBPNZD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) GBPNZD has a cumulative probability of a =>6th day lower at 0.99%, hence there is a implied 99% chance of reversal on the daily. 2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1.5SD - with 1m heavily over sold at -2SD. 3. Fundamentally Sterling looks a little...
Long GBPNZD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) GBPNZD has a cumulative probability of a =>6th day lower at 0.99%, hence there is a implied 99% chance of reversal on the daily. 2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1.5SD - with 1m heavily over sold at -2SD. 3. Fundamentally Sterling looks a little...
Long EURNZD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURNZD has a cumulative probability of a =>6th day lower at 0.5%, hence there is a implied 99.5% chance of reversal on the daily. 2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1SD. 3. Fundamentally I also like being long EUR given the ECBs new more neutral...
Another NZDUSD advanced pattern setup! Bullish Cypher pattern. See chart for trade details. Good trading, Luke
We have a beautiful ABCD multimonth flagpattern on the AudNzd Pair. I am expecting a strong bullish move towards 1.1230 in the coming weeks. After breaking 1.0310 we didnt have any kind of follow through for several days. Sellers are getting dried out, and i think bulls are showing a strong hand with three consecutive solid bull candles and moving again above...