Break of counter trend line/bounce off weekly trend line that has been respected, which price bounced off of. Looking for a retracement back to red zone & will adjust my stop loss when reaching that point. Trade with care !
Just like Aussie, I am expecting NZDUSD to continue to the upside after these nice bullish closes above monthly support .7300. I am going to make my first safe target a fib extension of 61.8% and the final target at a weekly level I do believe we're going to hit. I believe both Aussie in the long term are going to be bullish for a while now that we've broken...
This is a very optimistic view of the NZD. This assumes the US Dollar continues its run down. I think the TP1 is much more probable in the coming weeks and at a little over +100 pips I am ok with that.
Hi again traders here is another potential trade I've been watching for a few weeks now. As you can see, price has hit previous structure/resistance which is a key indicator for a reversal. My RSI set up has shown that price has reached the overbought area and has already started its reversal which you can see on the chart as well with a strong bearish candle on...
Ok the smily face was a joke, but NZD/JPY looks like its going to head down. These yen pairs always seem to follow the bell curves, and this might break. Developed a lower high and looking for lower lows. Stoch and RSI are showing this has massive downside potential. Great RR ratio
This week there are relatively less risk events in the currency market - the only one worth highlighting is RBNZ Rate Statement happening on Thursday morning here in Singapore. Here are a few reasons why I'm expecting the Kiwi to weaken in the near term - 1) We are currently in a 6th swing, thus we are expecting one more move lower since this is not a complete...
it's better to wait for price action candle signals to go short there is good R/R trading option here. we will follow the trade from now on this chart
SHORT THIS TRADE AS THE BRIEF UPTREND has has been terminated by recent negative news for GBP. EXIT .74300 Thanks for all the kind messages :) Like and follow for more trade ideas, entries/exits and technical analysis. As always, trade safe.
Approaching an important technical level, looking for bears to take control before we join. Follow me and stay tuned for entry updates and technical analysis as events unfold. As always, trade safe.
FX_IDC:NZDUSD Several factors pointing to a reversal in price: - Fibonacci Cluster (161.8% extension, 327.2% projection, 70.7% retracement) - 9 month Trend line Resistance (9/7/16-present) - Elliott Wave 5 Top - Supply zone - Doji candlestick Tough to short against such a strong uptrend, therefore look for confirmed reversal in form of back to back bearish...
We had a nice impulse on H4 TF. And now the flag formation is about to complete soon. Watch lower TF for PA to enter the market.
With starting this Week, the NZDUSD have make a strong upward movement. Last Week the monthly lows from April have held. In my view, the upward movement has a good chance of breaking through the Month's highs from March and April. The Entry for Longpositions is good between 0.6990 - 0.7040 First Target 0.7100 and the next Target is round about 0.7240 This Trade...
NZDUSD broke the neckline of the H&S pattern on weekly time frame. Good Luck!