Price has posted a Lower High and retraced back to a prime selling position, up-move is limited thanks to a Weekly Fib Level & the downtrend line.
eurnzd breakout consolidation retracement 38 fib trendline will drop for a good 100pips
After multiple retests and a fall breakout around 0.68400 we can expect a new bullish trend towards 0.71000.
NZD USD Has taken out last Wednesday's day gains in the last 3 trading days, we are now back on the trendline looking for a potential b B-B-B-B-BOUNCE! Who knows....who actually knows?
Option 1 : Wait for pullback to 61,8 Fibo; Option 2: Sell the breakout.
NZDUSD failed to break 0.70520 for new lows. Bounced off and retraced to the upside. Shattered 28% Fib zone. Alligators indicate buyers market. Possible retest of the 0.72470 level.
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: NZDJPY Time frame: 1D Just wanted to bring this to people's attention. I have noticed that a lovely wedge has formed on the daily chart for NZDJPY. Don't expect any kind of big move until we have broken out...
Keeps pushing lower with a potential head and shoulder pattern on the daily chart.
Hello Traders, This is coming out a little late, But I entered a short in the consolidation zone and have my eyes set on the targets defined in this chart.
False head and shoulders. Caught it from a mile away. Im in from the entries as shown on the chart. I am very long on this pair. DXY(USD) is melting. NZDUSD only way right now is to go long on this pair. I am extremely Long and heavily invested in this pair. I believe we can hit the targets shown in time and break the previous high and go even higher. I had a...
NZD has broken the uptrend and it's now in the middle of a bullish divergence. I'm expecting a pullback before a potential wave down.
Watch for break of bullish penant.. Price making new higher highs and higher lows. Price already retraced back to 61.8 zone and bounced off : ) Trade with care.. !!
NZD JPY we are looking at a nice triple top with solid wick rejection. Nice crossover on the stoch RSI and nice divergence on the RSI. Not a fan of going against the trend, but the ratio is great here. My entry, stop and tp are posted on the chart. Ideas always welcome.