Buy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price is still hovering above our buying entry. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance...
Buy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to...
Buy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to...
Buy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price continues to test major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic...
Buy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052. Reason for the trading strategy (technically): Price has dropped strongly and is now testing major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap...
The NZDUSD appears to have closed last week below this trend line that extends from the September 23, 2015 low. As evidence that the 0.6990 area will begin to attract sellers, look no further than the 4-hour candle that closed today (Monday) at 5 am EST. The high was 0.6990 and is still holding as the session high as I write this post. That said, I’m only...
Buy on dips for a target to 0.7037, stop below 0.6929. Please note that is a corrective move trade setup. My medium term target for NZDUSD at 0.7007 was successful last week.
Hey traders! NZDUSD pulled off a classic retracement while pretending to run on fake bull legs! All other pairs seem to concur on this one. NZDUSD though is nicely placed and the RR is very nice... So I will be starting with this one Here's what I'm thinking : NZDUSD SHORT ENTRY : 0.7187 SL : 0.72533 TP : 0.69908 Trade safe! Disclaimer: This is my...
Buy above 0.7146. Stop loss at 0.7093. Take profit at 0.7245. Reason for the trading strategy (technically): Price has been testing our major support atc0.7146 (Fibonacci retracement, horizontal overlap support) and we expect to see a strong bounce off that level to push price to at least 0.7345 resistance (Fibonacci retracement, horizontal overlap...
Buy above 0.7146. Stop loss at 0.7093. Take profit at 0.7245. Reason for the trading strategy (technically): Price is approaching major support a t0.7146 (Fibonacci retracement, horizontal overlap support) and we expect to see a strong bounce off that level to push price to at least 0.7345 resistance (Fibonacci retracement, horizontal overlap...
Sell below 0.7245. Stop loss at 0.7351. Take profit at 0.7095. Reason for the trading strategy (technically): Price is approaching major resistance at 0.7245 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off that level for a push down to at least 0.7095 support (Fibonacci retracement, horizontal overlap...
Sell below 0.7245. Stop loss at 0.7351. Take profit at 0.7095. Reason for the trading strategy (technically): Price is approaching major resistance at 0.7245 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off that level for a push down to at least 0.7095 support (Fibonacci retracement, horizontal overlap...
Sell below 0.7146. Stop loss at 0.7126. Take profit at 0.7056. Reason for the trading strategy (technically): Price is now testing major resistance at 0.7146 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction off this level to push price down to at least 0.7056 support (Fibonacci extension,...
We take SHORT position from the current level and book profit @ 200 PIPS Let's Watch !!
Sell below 0.7145. Stop loss at 0.7175. Take profit at 0.7087. Reason for the trading strategy (technically): Price has dropped absolutely perfectly as expected. We remain bearish looking to sell on strength below 0.7145 resistance (Fibonacci retracement, horizontal pullback resistance, descending resistance) for a further push down to at least 0.7087 support...
Hi traders, Our dear friend NZDUSD is now in our sight. This pair was in an uptrend for some time before breaking it to the downside. As you can clearly see the price went back to touch the bottom of the previous trend line before falling down yet again. The price is now battling in that order block. Since the bias is bearish at the moment, we waited for a...
Sell below 0.7174. Stop loss at 0.7210. Take profit at 0.7087. Reason for the trading strategy (technically): Price is experiencing major resistance and we take this opportunity to start selling. We look to sell below 0.7174 resistance (Fibonacci retracement, descending resistance, horizontal overlap resistance) for a push down to at least 0.7087 support...