3 MONTHLY ANALLYSIS - The last candle produced was a BULLISH ENGULFING candle off a major support level. - suggests a bullish year is ahead for the kiwi - alignment with bounce from MONTHLY 61.8 FIB LEVEL THIS IS A LONG TERM TRADE - HIGHLIGHTED AREAS USED AS MANAGEMENT POINTS
FX:NZDUSD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades; open.spotify.com
IF conditions are right we will get a retest of the neckline on NZD Then we take a long if we see a bullish candle after testing the neckline. Projection is for 0.73
Price closed above the resistance outlined in the chart but went a little too far for me liking, let's see if it retreaces to our entry so the trade can start. If it does then the target will be set within a reasonable area
So today on FX:NZDUSD we have a very nice setup to go long. The price is ranging between the channel and hit the support level @0.6312, with the confluence of daily S2. Now price is more likely to go up at leas @0.6355 level and then hit the channel resist once more @0.6404, and here at this level we have a very nice fibs 1.272 confluence. Avto_T Green...
CAUTION!! TODAY INTEREST RATES RBNZ
The Kiwi has broke both a double bottom's neck line and a downtrend line. Now the 100 days MA line is doing resistance. If the price gets to break this MA I hope will reach a 440 pips with a long position.
The pair has breakout both the neckline and the downtrend line. Now the 100 days MA line is doing resistance. I hope a 430 pips in a long position.
Looking to capture 100 pips from here off what i believe to be a reverse head and shoulders pattern. Entry 0.77824. Stop: 0.77294 Limit: 0.78884. Looking to make 2:1 rew/risk
Here we have a bull cypher pattern presenting itself.. Those interested, enter long at buy zone at your own discretion and using your own methods of confirmation.. Others may prefer to enter agressively at limit, just make sure you manage your risk accordingly. I chose 2 targets of my preference, moving SL to BE after locking profits at 1st target might be a good...
WATCHING THIS PATTERN TO SEE IF I GET COMPLETION WHICH WILL PROVIDE A NICE MOVE UP, AND A REVERSAL BACK DOWN FROM THAT CHANNEL TOP. THE CHANNEL IS PREMATURE AT THE LOWER BOUNDARY.IN OTHER WORDS, IT IS PROJECTED BASED ON THE SLOPE OF THE UPPER CHANNEL; THEREFORE, PRICE CAN PROCEED LOWER FROM THAT CHANNEL LINE TO FORM THE REAL BOUNDARY. OR REMAIN A TIDBIT HIGHER.
i've been following this pair on the hourly time frame for some time now, and notice some inconsistencies occurring, so i went to the higher time frame and saw this setup. currently the price is trading at a strong support level(support because i'm viewing the overall structure bullish trend) so if price break past this level, i'm looking for a reversal at the...