Sell below 0.7055. Stop loss at 0.7181. Take profit at 0.6822. Reason for the trading strategy (technically): Price has tested our major resistance area and is dropping nicely. We remain bearish looking to sell below major resistance at 0.7055 (Fibonacci retracement, horizontal overlap resistance, resistance area) and we’re expecting a drop from this level...
Hi traders! This will probably be the only trade I'm going for before the FOMC Statement this week. As you can see, NU is in a bearish trend that stopped itself for a breather! The price is now ranging and making lower high and higher lows. Technically, I see and drew a wedge pattern on the last batch of candles. It looks to me that we can stay within this range...
Buy above 0.6871. Stop loss at 0.6838. Take profit at 0.6944. Reason for the trading strategy (technically): We look to buy above major support at 0.6871 (Fibonacci retracement, horizontal overlap support) push a push up to at least 0.6944 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,3,1) is seeing strong support above 0.8%...
Sell below 0.6885. Stop loss at 0.6921. Take profit at 0.6823. Reason for the trading strategy (technically): Price is now testing major support at 0.6885 (Multiple Fibonacci retracement, horizontal overlap support, ascending channel support) and we expect a break of this level to trigger a strong bearish drop towards 0.6823 support (Fibonacci retracement,...
Buy above 0.6820. Stop loss at 0.6785. Take profit at 0.6874. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target. We look to buy above major support at 0.6820 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 0.6874 resistance (Fibonacci retracement, horizontal...
Sell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823. Reason for the trading strategy (technically): Price continues to test our selling area. We remain bearish looking to sell on strength below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a...
Sell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823. Reason for the trading strategy (technically): Price continues to test our selling area. We look to remain bearish below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to...
Sell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823. Reason for the trading strategy (technically): Price has risen further and is now testing major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support...
ITS A SHORT TRADE BUT LETS SEE HOW IT GOES. AFTER IT HIT OUR TARGET WE MIGHT SEE A STRONG BEARISH MOVEMENT TOWARDS MY EXTENDED FIBONACCI AREA..
ITS A SHORT TRADE BUT LETS SEE HOW IT GOES. AFTER IT HIT OUR TARGET WE MIGHT SEE A STRONG BEARISH MOVEMENT TOWARDS MY EXTENDED FIBONACCI AREA..
Sell below 0.6853. Stop loss at 0.6887. Take profit at 0.6781. Reason for the trading strategy (technically): Price has risen and is now testing major resistance at 0.6853 (Multiple Fibonacci retracement, overlap resistance, multiple Fibonacci extensions) and we expect to see a strong reaction off this level to push price down to at least 0.6781 support...
At this point we have a few things going on which makes the case for a short position at this point. 1. Trendline bounce 2. Resistance 3. ABCD pattern compltion 4. 200 EMA Bounce Happy porfits ))
Sell below 0.6834. Stop loss at 0.6846. Take profit at 0.6781. Reason for the trading strategy (technically): We look to sell on strength below strong resistance at 0.6834 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.6781 support (Fibonacci extension, horizontal swing low support). RSI (34) sees long term descending...
Sell below 0.6821. Stop loss at 0.6846. Take profit at 0.6781. Reason for the trading strategy (technically): Price has been dropping strongly. We look to sell on strength below strong resistance at 0.6821 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.6781 support (Fibonacci extension, horizontal swing low support). RSI...
Pending Long @ 0.7000 Stop Loss @ 0.6780 Target @ 0.7603 RR Ratio @ 2.74 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Hi traders, This analysis is purely technical. A break down of the order block down below opens up a BIG BIG gap down. MACD on the monthly is about to cross. Also worth noting that on the monthly chart we retraced on the 0.5 FIB extension pretty perfectly. Here's what I'm thinking : NZDUSD SHORT ENTRY : 0.6917 SL : 0.69952 TP : 0.66659 Trade safe! ...
My last trade idea on NZDUSD for a target to 0.7007 is successful, current price action broke the multi-month bearish channel, i am still looking to short it for low risk entry around the 0.7010 with a stop at 0.70043, looking for a target around 0.6818.
Short trade is active. SL at 0.6970.