Long NZDUSD @ 0.6817; TP @ 0.718, SL your choice
Price dropped perfectly from our selling area to our profit target for the sixth time in a row. We are now looking to sell on strength below 0.7154 resistance (Fibonacci retracement, ascending resistance pullback) for a further drop to 0.7046.RSI (34) has also made a bearish exit of a long-term ascending support-turned-resistance line. This shows a change in...
I think that price could have some more downmove to reach the level , where i would buy ..
The pair give us the double bottom mode in same highs level that mean to me the short mode in same high that made before
Dollar-yen bulls may be forced to take pause after central bank decisions, from each respective currency, give traders something to chew on: The FOMC minutes yesterday were nothing short of redundant. I am beginning to think it is the same speech month-after-month, but financial outlets took whatever they could to spin it as hawkish as possible. That should...
I am waiting to sell NZDUSD high in the supply. My Trading Plan shows 2 interesting trading opportunities following the swings. Considering also the weakness of the supply level, the next swing could take out the supply and rise up more. I marked for now just 1 potential entry point, that could be relevant for my trading. I wait patiently. What do you think...
Its seems that shooting star reversal pattern has arrived but the momentum still show a very strong bullish signal. by its fundamental USD stronger than NZD, but i think USD bull still give a chance for NZD to make a higher next week until it will return to the bearish trend that has to be
It never ceases to amaze me how price seeks out median line and median line extended targets time after time. NZD is still in a strong downtrend, but it had a nice reaction off the 1st warning line of the lower median parallel. Is more downside in store? At this point I'm still bearish, but the nice bounce off the line makes me want to wait and see before...