Price broke its counter trend line after bouncing off its daily uptrend line where I took profit on my short. Now looks like we have a nice long opportunity I am looking for a right shoulder to be formed at the retest of the broken CTL to create a inverse Head on shoulders pattern. This pair should take off during London session!
Price has been consolidating for some time now it seems price is pushing out of its counter trend line, if we get a close above the 61.8 fib I expect price to retest & head higher potentially creating an uptrend with higher highs & lows..
Counter trend line rejection.. good RR opportunity here. Keep in mind we have NZD news tomorrow that will have a big effect on the market.
long enter at 1.6690 target 1 at 1.6755 target 2 at 1.6800
if the price break 0.6944 level, there will be potential long opportunity to 0.7049 (105.5 pips) or and 0.7117 (173 pips) during the week. so be alret on the level 0.6944 Decision drivers BB MA break and hovering above MA RSI convergence Faded trend - reversal Bullish power
Price currently sitting above daily support & above the 50 moving average, waiting for a break below support & bearish engulfing candle to go short for another leg lower...
Pretty self explanatory the chart speaks for itself.. New lower low coming soon :)
Reversal bar to strong resistance, showing that more downside is expected. First target around 1.66500 area & if we can break that daily uptrend line I believe price will head to the weekly uptrend line..
This pair I will be watching to for a potential short during AUD news later today. Looks like price broke its wedge & is now retesting, along with broken support turning resistance. Will be observing carefully
We are in retracement mode right now with NZD, I am expecting a lower high & retrace to its downtrend line for the 3rd touch to enter short again to make a lower low..
Price came back into its daily broken wedge, which is showing a potential short is still on the cards. Price is making a flag pattern & the Moving averages are getting ready to cross over waiting for a breakout of flag to go short. price could potentially go to the bottom of its wedge..
Breakout of triangle, ready for another push to the upside ..
Price currently at support, we could get a lower high or continuation down as I believe JPY will gain strength this week. Lets observe!
i am enter long right now at 0.6843 for targeting 0.6895 and 0.6940 even bad trade balance and new monetary policy i think it will be time to Nzdusd to get a great pullback he is much oversold in daily time frame he just touch a big weekly and monthly support entry at 0.6842 target in 2 step with 2 opening position target 1 = 0.6895 target 2= 0.6940 even a...
2 Possible scenarios, price rejected at resistance, & is still in daily channel. We could get a break higher & continue to the upside or a rebound back to daily support. Will be watching this & next week.
0verbought.. Due for a retracement & higher low on the daily time frame. Price rejected at strong daily resistance I believe price will go to 1 for uptrend line
Price back at the top of wedge near strong resistance. Watching price action to go short, AUD news coming out very shortly as well..