I think we'll see more down moment here with NU before we see another step up.
If it doesn't stop at entry it may extend down to .68
SL .70325
TP .7035
1-2 Weeks
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...
Hey Traders,
Simple idea, look for a breakout of the structre and then flag to buy!
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Hola Traders.
Idea simple, buscad rotura de la correción y entonces una bandera para comprar!
Carlos
Potential long opportunity on the Daily and weekly chart.
This long opportunity is set at the support of the Major trendline outlined in the price movement.
Buy at 0.6919
TP1 at 0.7252
TP2 at 0.7618
I'll be placing this order and watching it till the end of the week.
more updates to follow on this pair
NZDUSD is closing into a long opportunity now. It is currently testing a strong support, while being in the zone of 2x stron supports, fibonacci 50 and the bottom of the channel. RSI is on the way down, and will soon reach oversold.
Opened position:
Open at 0.698
Stop loss at 0.682
Take profit at 0.733
Risk/Reward at 2.32
Orders
Execute at 0.687
Stop loss at...
Kiwi is forming to intersting setup. We can see Daily/H4 trendline and
double bottom forming on lower times for break up trendline, retest
and trendchange or it can fall down by bouce by the trendline
Keep eyes on NZDUSD guys.
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...
From the screenshot above you can see that the price has bounced off the minor support at 0.6980. I will be ideally looking for a rejection candle in the 4H chart. The opening is very important, so we need to wait and see the price action. The daily candle is similar to an inside bar (although not an exact inside bar) and has formed on a minor support, as well. I...
