Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.15). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.15). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
The pair is trading within a 1W Channel Down (RSI = 37.641, MACD = 0.014, Highs/Lows = -0.0048) since the end of March 2019. The pattern has provided clear Lower Highs (to short) and Lower Lows (to long). At the moment the price is rebounding off a Lower Low on a bullish 1D RSI sequence. Last time this 1D sequence took place within the Channel Down was in May and...
on NZDCAD there is a high chance to see bullish continuation.
For confirmation, we are waiting for a bullish breakout of a resistance line of a triangle.
Stop will be below the lowest point of the triangle
Target levels:
0.846
0.850
*if the market closes below the support of the triangle, setup will be invalid
hey traders,
very peculiar trading setup on AUDNZD.
after a strong selloff, the pair has stopped setting new lower lows and
for the last two days, the market was coiling within a narrow horizontal trading range.
if bulls violate the range, I will buy the pair expecting bullish continuation to higher structure levels.
target levels will be
T1 - 1.071
T2 - 1.073
hey traders,
very peculiar trading setup on AUDNZD .
after a strong selloff, the pair has stopped setting new lower lows and
for the last two days, the market was coiling within a narrow horizontal trading range.
if bulls violate the range, I will buy the pair expecting bullish continuation to higher structure levels.
target levels will be
T1 - 1.071
T2 - 1.073
Completed head and shoulders pattern formation on NZDUSD .
There is a high chance to see bullish continuation to higher levels of structure.
Now we are waiting for a bullish breakout of a neckline to buy the pair.
Target levels are based on structure:
T1 - 0.6380
T2 - 0.6335
Please, support idea with like. Thank you!)
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.627.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.631.
TP4: R2=0.6335.
Set the stoploss of these orders at breakout of S2=0.626.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.627.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.631.
TP4: R2=0.6335.
Set the stoploss of these orders at breakout of S2=0.626.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The pair has been trading within a long term 1M Channel Down (RSI = 37.426, MACD = -0.018, Highs/Lows = -0.0198) that only recently made a Lower Low and is rebounding on the 3rd straight green 1W candle.
Based on the duration and decline of the previous Lower Highs, we are expecting the next Lower High to be towards 0.91000, where it will make contact with the...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
hey traders,
I was paying close attention to GBPNZD these last two weeks.
The reason is that the pair has recently approached a 2019's high and was strongly rejected.
Sellers have been pushing the market to the support line of a rising channel
and we see the complete reluctance of buyers to open long trades on dip,
so the market has set a lower high.
Now the...
hey traders,
I was paying close attention to GBPNZD these last two weeks.
The reason is that the pair has recently approached a 2019's high and was strongly rejected.
Sellers have been pushing the market to the support line of a rising channel
and we see the complete reluctance of buyers to open long trades on dip,
so the market has set a lower high.
Now the...
short order went active on NZDUSD this night.
Reason - completed bearish gartley pattern/stucture/rejection
Entry - 0.627
STop - 0.6285
T1 - 0.625
T2 - 0.623
ETHUSD chart shows to us a few Support/Resistance Zones.
They are confirmed by Fibonacci lines.
If thr price will continue rising the best blaces to BUY will be above that Support/Resistance Zones.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
