Could we get a retest of the previous high? Nice demand are here as well as potential divergence dating back to around 7/18 when the recent downtrend started.
BSO @ 0.6088 ⏳ BLO2 @ 0.6077 📈 BLO1 @ 0.6066 ⏳ Choose your TP based on your favorite trading strategy or time frame: 🇳🇿 NZDUSD (pip movement per strategy): STRATEGY PIP MOVEMENT Scalping 10-20 pips Intraday 20-40 pips Swing 40-80 pips Position 80-120 pips TIME FRAME AVERAGE ATR 1 day 20 pips 4 hours 10 pips 1 hour ...
Price is bouncing off a key support level, which is a major swing low support level, hence we could see the momentum carry price up to its take profit target. Entry: Why we like it: 0.6062 There is a major support key level for a potential bullish reversal. Stop Loss: 0.5987 Why we like it: There is a swing low support. Take Profit: 0.6132 Why we like...
Seems Like Getting ready for Another bullish impulse Formed descending Channel incase Of breakout Expecting Another 80 to 90 Pips bullish Wave Keep eyes On for breakout
This setup a little more on the risky side. Previous high and previous low was broken and there may be some divergence on the 1 hour dating back to 8/1.
The explanation will be in the charts. Will update as I see fit. Not Advice. This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make...
NZDUSD - 24h expiry - We look to Buy at 0.6050 (stop at 0.6020) Price action has continued to trend strongly lower and has stalled at the previous support near 0.6050. Price action looks to be forming a bottom. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.60100 will confirm the bullish...
The explanation will be in the charts. Will update as I see fit. Not Advice. This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make...
The explanation will be in the charts. Will update as I see fit. Not Advice. This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make...
The explanation will be in the charts. Will update as I see fit. Not Advice. This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make...
The explanation will be in the charts. Will update as I see fit. Not Advice. This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make...
The explanation will be in the charts. Will update as I see fit. Not Advice. The following timeframes will be linked and updated as well: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make it public so others can learn from my own...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area. Trade safe, Joe.
15 Min Technical Analysis - Want to see if price breaks 1.08395 or not which will give us an idea for an entry to the low. Price could also break through resistance and start a retracement of previous 4 hour recent high. (Check 4 hour analysis)
Greetings Traders! GBPNZD is poised at a critical juncture, with NZD's "Employment Change" and "Unemployment Rate" news on the horizon. Awaiting the news' outcome could be strategic before we commit. If we see a negative impact, there could be a prime opportunity to go long. Yet, on the flip side, positive news may trigger a steep decline, threatening to hit...
GBPNZD has turned sideways basically for a whole month (since June 28th) as it is restrained under R1 (2.092225) while being supported by the 1D MA50. This has turned the 1D timeframe neutral (RSI = 53.387, MACD = 0.005, ADX = 22.546), which is an expected technical outcome. We will trade this setup on a breakout basis. A crossing over R1 is a buy signal...
We have posted a Monthly outlook with weekly, daily 4 hour,1 hour, and 15 min charts on their respective pages so be sure to check those publishes in the related ideas section. I wanted to add a 1 hour so we can all practice multiple timeframe analysis. I'm no pro but I want to use this pair to journal trades not to show off. I's better to journal here vs my own...
4 Hour Technical Analysis - Price could test the previous low of 1.07587 where our demand zone is located. Before this happens, we could get a retest of the previous high. If that high doesn’t break, we could see our demand zone being reached.