EURNZD successfully broke out bullish triangle with strong bullish wave , correction happened nearly 100% to retest broken triangle Volume profile show strong support accumulation area @ 1.7450 MACD show buy signal RSI was in overbought area then show buy signal
2 possibilities. Go short upon open and close after the break or wait for the break, pull back and then go short. It's the weekend so no need to rush a decision until Monday open.
Market seems to be ranging. We're now at the bottom of the range and we're seeing some signs of buyers coming back in. Looking to go long with more confirmations.
Small counter trend opportnity to catch around 10 pips bouncing and rejectig of resistance currently. Being overall in Consolidation I wouldnt look for targets past that minor level of support.
Based on the resistance of enough wicks, EURAUD is looking to be a sell!
News is approaching soon for Thanksgiving day for EURCAD throughout this morning. It is clearly that EURCAD's price will move up based on the momentum its been picking up before EUR and CAD news today. TP1: 1.51200 TP2: 1.51400
We have still a lot of EUR news, following CAD news that EURCAD is looking to become a long as price is rising. Also, you should look at the lagging line as well going up.
at the chart we have a rising wedge with minor waves and a rising wedge inside the minor wedge with minute waves. break of the red line with the minute waves can lead the price to test the green line with the minor waves. where a break of the minor wedge can lead the price back to between 12.400 and 12.540, where 12.400 is 0.5 on fibonacci levels and 12.540 is...
The price is at a support level, if this level breaks, than i see the price move further to 1.52490 before further upside. if price manage to break the 1.52490 area, than the price could go further down to test the 1.49960 level. this will also be a trigger for a new analysis as the (4) wave will go below the ending of wave (1) The price is also in a trend...
I've been keeping an extra close on this pair over the past two weeks (despite the general trend direction favouring the bullish price action for a year and a half) the 260pip consolidation period that we have been stuck in since the 18th September 2017 is showing signs of exhaustion on the H4 chart and we could be looking at a run of bearish price action as we...
FBR Fastbrick Robotics (FBR:ASX) Moving nicely LONG on Intermediate Period with a start SHORT for Wave 2 Minor within Wave 3 intermediate. A good entry point for this stock will be on the completion of Wave 2 on the Minor period to go LONG Reference to my previous chart here: 15th August 2017: Fastbrick have announced, Robots to assist building homes in Saudi...
Gold has broken down and should hit 1201 next week. But in very near term it's staging a minor rally within what is now developing into a medium term downtrend. Levels to watch today. PLEASE check CRB index comment if you trade Gold. It will help you understand and stay on the right side of the bigger picture...
NZDUSD LONG- BULLISH BAT FORMATION AND ABCD COMPLETION AND MINOR SUPPORT
Market is consolidated. Can take advantage of this short.
It seems we have a 100% confirmation of TGT (Target) going SHORT on a wave 3 on Intermediate, Minor and Minute Periods. MACD, RSI and Stochastic all show oversold positions and we shall see on next open of market, how far down the price action gap will take us before we see an upwards move on a correction because continuation of downwards Impulse move. SMA also...
Identified 2 Advanced patterns on the NZDCHF. Purple Triangles represent a BEARISH BUTTERFLY(Completed) Blue Triangles represent a BULLISH CYPHER Clearly we are now stuck at an impasse, to go LONG or SHORT, that is the question. Taking a step back to the 1D time frame, we can see that price has moved in a pennant formation ( grey lines) While it is not within...