Hope everyone has had a great year of trading. I know I haven't posted here in a while but i'm going back to making a habit of it. Lets take a breather from GBPUSD and attempt this simple cyclical trade. An easy 100 pips is up for grabs should price come to our entry point. Although not entirely recommended , aggressive opportunities exist on the way...
Bear flag about to prove itself, bad looking long term structure. This was an amazing trade to take on that cyan line with the red circles. Missed it, this one is one for the record for technical beauty.
This is probably a long shot, but ultimately, I'm looking or the price to retest the 0.72950 level for a short position. To get there, price may jump around and potentially form a butterfly pattern. Harmonic patterns are useless to predict until at least the C leg, and we aren't even there- but hey, that's what I'm doing. I'm looking for the price to react at...
Target up is 0.7607. This is a wave 2 of the second impulse wave on daily Chart. To reach target up, a sequence of turns is probable like the ones on the graph using those critical points. The Lower of this wave could go down even lower then 0.7318. Must check after.
TF 4H, 1H, m15 I think in m15 it break the channel to go down. If it can break Low, it is go down more. Thank you.
If you have any questions about my chart or comments feel free to share them. Good luck this week all.
The sharp rise in NZDUSD has give some signs of exhaustion in the recent trends. June 09, 2017 Stochastic death cross death cross from above 80, bearish signal (1st signal) June 14, 2017 the RSI moved from 74 to 64 the next day (2nd signal) June 19, 2017 MACD death cross with histogram being negative, although the signal line was still above 0, this was medium...
All there, just my idea, trade currently active.
looking for Shorts on NU as we are at resistance on 2 major trendlines Looking for a break for the blue trend line for entry
If you follow the Elliot Wave Pattern that I have setup it shows a potential bearish move. I used the FIB PRZ zones to predict where I think the price will drop to and then a FIB extension to predict a future long if the price drops to where my prediction is. Based on previous movement, I suspect this move will be over the course of the month of February. This...
Bearish divergence Target 0.696
there appears to forming a head and shoulders pattern on NU. Also RSI and Stoch seem overbought. Weekly chart showed a bearish pin two weeks ago, and price is now at 50% retracement of last major swing down. All in all, this seems a nice opportunity to short NU. although there is the obvious risk of FOMC ahead, so small trade size... TP1 a the neckline, TP2 at...
On the 4 hr chart NU is in a downtrend. I'm looking to sell at on this pair when it hits areas of resistance and or supply and demand levels. I see it doing a retrace and continuing down a bit.
The NZDUSD pair on the daily chart has had good signal drop which shows the rupture of the average of 62 periods which may indicate that the price could fall to an average of 144 or until the moving average of 200 in the next days . The goal I've put in the chart on the following media are breaking the moving averages which in my opinion can be touched without...
it looks like a rising wedge and a bigger ascending triangle on this pair which both indicate a probability of a short position. we will see what will happen.