Just another chart ahead of its time. I like to create charts and narrow them to the only options based on ratios already formed. Then I can watch for confirmation and feel more confident going in to the trade. This could be another large trade if it all works out
We can see that the pair according to my wave count is in the 4th wave, currently in a correction phase. I am expecting it to retrace up to 38.2% Fib (we can see there is a nice confluence between the 38.2 fib level and the trendline itself) before one more wave to the upside. This specific setup given that everything goes as expected can provide a great...
Price broke resistance level & is working on breaking out of its wedge. NZD came out strong this week, & the next major weekly level would be at 0.7200 area. Keep in mind a minor resistance @0.7100 area approaching soon.
Trade with care : )
This structure suggests that KIWI is getting ready on the move up.
The analysis is based on candle stick pattern, support & resistance , moving average and currency volatility .
So far GBP and NZD are the strongest currency.
Can trade other currency with nzd.
Make sure to check the currency meter.
Watch out for economic news specially rbnz interest rate...
Here we have a bullish Cypher pattern on the NZD/CHF. CHF pears across the board are looking bearish for the Franc, this should be no different.
The X point concluded along what can be seen as a weekly pivot line so price may become volatile before breaking daily resistance and pushing towards our TP level. Risk is at a minimum 1:2 as always.
Cypher ratios
X:B...
I expect price to close below the moving average for the month of September.
I'll be looking for bear signals on the daily time frame.
Entries will have a stop loss but no take profit targets. Trades will be closed when monthly candle finishes painting.
After a great steep impulse on the hourly, we can now see a great continuation/correction pattern that is shouting at us a nice buy. However, lower timeframes than 1h are not looking great and we'll place a BUY STOP ORDER.
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Después de un buen movimiento en el horario, ahora podemos ver un patrón de...
Price stalling after retesting the shown trend line, which is on top of a daily level and also key fib area. Very bearish long term market. Will wait for 4hr candle to close before entering, however if stays the same it'll give a high probability set up with a good risk to reward.
