Let's the party begin.. if you are noob please don't get scared if pullback happens before continuation of the trend..the white lines are daily charts support and resistance. SL is from daily resistance... move trail your stop 40-50 PIPS.. PS: my favorite bearish divergence .. i missed the entry earlier on this but will be adding position at pullback... Please...
On the daily time frame NZDCAD is showing a nice ascending channel. Previous candle touched the upper range and the current candle is trading outside of it,, making it a sweet buy setup. Stoch also just made its bullish cross over. Ive pointed out the next resistances areas which either be used as take profit targets or a target at which you move up your stop...
I buy it after break and correction with blue area
On NZDCAD we have an awesome bearish setup. The price is heading towards the 14 and 72 EMA and the lower range while the Stoch RSI shows alot of selling pressure and the Adx shows a strong bearish trend. This leads to the conclusion that NZDCAD is heading for a further drop! Take profit: 0.92800 Stop loss: 0.95200
Details are well described in the post. A short term sell is possible. However, keep in mind that the pair can go more up during the days to come.
Strong CAD makes this attractive. Even though the top resistance test only happened within a week and is a falls confirmation, I still think it's worth following and see if the it breaks short below 0.94500.
So many interesting JPY pairs currently. Because NZD is not the most exciting currency, I chose to have a bit extra attention on this pair. A lot is pointing downwards, besides magic-t which I didn't draw because of the new-year low volume. It's the only time of the year I can't trust the volume. If this breaks the 80.565 resistance and gets under 55MA, I will be...
This pair, after a long upsurge, from 2015 until 2016, is showing the signs of exhaustion. The first phase of tumbling is almost over. In my telemetry, this pair will climb a little bit up for more or less two or three weeks, then will collapse down. In short, I am waiting for a consolidation before the pair tumbles.
Going long after downtrend. Targeting previous high. Looking closely to oil price.
HELLO GUYS ! AS YOU CAN SEE ON NZDCAD WE HAVE A RISING WEDGE AND IT BROKE OUT AND WENT BACK TO RETEST . WE HAVE A RESISTANCE ZONE THERE AND THE PREDICTIONS IS TO GO AGAIN DOWN AT THE DIRECTION THAT IT MADE BEFORE .SO I AM TRYING TO SELL IT @ 0.96000 AND TAKE PROFIT @ 0.94000 ! 200 PIPS 200% SURE IT MAY TAKE A WEEK ! HAVE FUN GUYS AND ALWAYS USE RISK MANAGEMENT AND...
Please trade carefully.