I apologize for the delay of the post as I have just arrived home and I can only enter trades at my mobile and can't publish anything at tradingview via phone.
From the previous weeks long ago, we've seen the continuing strong decline of the New Zealand Dollar against several of its Forex pairs... and that changes today.
This Forex pair has been on a bull attack...
Our preference: sales position below 0.7220 with targets at 0.7165 & 0.7145 in extension.
Alternative scenario: in excess of 0.7220, aim for a continuation of the rise with 0.7260 & 0.7300 in line of sight.
Comment: The RSI is mixed with a limited bearish bias.
Sell below 0.7051. Stop loss at 0.7093. Take profit at 0.7051.
Reason for the trading strategy (technically):
We prepare to sell when price breaks a major support level at 0.7051 (Fibonacci retracement, Elliott wave theory, horizontal pullback support, bearish divergence) and expect price to make a strong push down to 0.6987 support (Fibonacci retracement,...
I'm noticing the 200sma on the daily chart providing a level of resistance for the NZDUSD. Watch for short setups as long as price can hold beneath the moving average.
Literally missed the Cypher pattern completion by 5 ticks. Nonetheless, this could turn into a double top situation and reach the "technical" draw up or just crawl lower via HL/LH. #FFT
Sell below 0.6883. Stop loss at 0.6920. Take profit at 0.6826.
Reason for the trading strategy (technically):
Price has bounced up and reached our profit target perfectly. We prepare to sell below 0.6883 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) for a push down to 0.6826 support (Fibonacci extension, horizontal swing...
Buy above 0.6818. Stop loss at 0.6789. Take profit at 0.6874.
Reason for the trading strategy (technically):
Price reached our buying level and has started to bounce up perfectly. We now remain bullish above 0.6818 support (Fibonacci extension, Elliott wave theory) and look for a bounce towards 0.6874 resistance (Fibonacci retracement, horizontal pullback...
Buy above 0.6985. Stop loss at 0.6934. Take profit at 0.7092.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area once again and is on track to our profit target. We remain bullish above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to 0.7092 resistance (Fibonacci extension,...
Buy above 0.6985. Stop loss at 0.6934. Take profit at 0.7092.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area previously and is on track to our profit target. We remain bullish above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to 0.7092 resistance (Fibonacci...
Buy above 0.6992. Stop loss at 0.6955. Take profit at 0.7091.
Reason for the trading strategy (technically):
Price is now testing major support at 0.6992 (Fibonacci retracement, horizontal support, Fibonacci extension) and we remain bullish above this level for a push up to 0.7091 resistance (Fibonacci retracement, horizontal overlap resistance). When price...
Buy above 0.7176. Stop loss at 0.7137. Take profit at 0.7240.
Reason for the trading strategy (technically):
We prepare to turn bullish above 0.7176 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7240 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support at the 10% level...
Buy above 0.7176. Stop loss at 0.7137. Take profit at 0.7240.
Reason for the trading strategy (technically):
Price has dropped nicely and is reaching our profit target perfectly. We prepare to turn bullish above 0.7176 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7240 resistance (Fibonacci retracement, horizontal overlap...
Buy above 0.7119. Stop loss at 0.7044. Take profit at 0.7242.
Reason for the trading strategy (technically):
Price is approaching major support at 0.7119 (Fibonacci retracement, Fibonacci extension, horizontal support) where we expect a bounce up to at least 0.7242 (Fibonacci retracement, horizontal swing high resistance).
Stochastic (21,5,3) is seeing strong...
