Buy Limit: 0.646 SL. 0.64 TP. 0.65 0.654 0.658 0.66 0.654
FORMING AN ASCENDING TRIANGLE PATTERN WAITING FOR THE BREAK ON THE UPSIDE, LOOKING BULLISH POSSIBLY 100-150 PIPS
FX:NZDUSD Bullish and Bearish structure breakouts. Wait the price to test previous structure, after breaking it, to enter the trade; At this moment "we" are looking for sell opportunities; CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades; open.spotify.com
FX:NZDUSD Trade the eventual Breakout, buy the harmonic IF/When completed. Safe Trades; open.spotify.com
So I started this by looking at a simple breakout from current structure. Looking at the bigger picture we have had teh X to A and A to B legs form of both a potential Gartley and Cypher depending on what you like to trade. Point C is at a pervious point of support and if this plays out then Leg C to D would bring us back down to previous structure as well
FX:NZDUSD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the 50%/61.8% of wave...
The primary trend of NZD/USD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. Resistance level of 0.6505 and Support level of 0.6415 If it breaks its support level on the downside and sustains below it...
Long Trade Idea of NZD/USD Buy @ Market 0.654 SL. 0.65 TP. 0.657 0.66 0.665
FX:NZDUSD CYPHER : Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades;
From now on we started to use 3 target level to achieve more pips. We practically trade Harmonic with 3 confluence, 1. Pattern Formed 2. The price formed with the pattern at S/R zone. 3. Reversal Candle. Now we have 2 confluence to Long this pair, waiting the 3rd confluence, Reversal Candle. Will keep update on this trade. Happy Trading~
Read text written in the chart.
Over the last week or so we have hit the a,b and c legs of a possible Bullish cypher. Looking at the RSI there is some bearish divergence. If this continues it should take us down to complete at point D and be in the oversold area of the RSI. There is a possible opportunity to get short down to the 0.67242 area. Would also be looking for an entry around this...
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
The secondary trend of NZD/USD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. Resistance level of 0.6896 and Support level of 0.6760 If it breaks its resistance level on the upside and sustains above it...