nzdusd harmonic patten confluences
The 38.2% pullback of this last move up, should give good long entry for this pair. If am right then .6900 handle should be intact, good RR considering the rate decision later today. This pair has been a hard nut lately....
Taking another stab at the kiwidollar from this daily level. W New SZ formed @ 0.7200 and the DZ @ 0.69 is being respected. Will wait for price to break below. D This Daily level is just above a strong weekly move TP Shooting for 3:1 but will be open to taking a trail stop approach if I get the opportunity. Next Buy Opportunity @ 0.6700
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 once again 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 extension,...
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...
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...
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 a well sell pressure. Price has bounced off from a key swing point. And has broken the trend line. Most chances is here for counter players to come. And I am seeing next target is 0.71500. I am with the bulls as overall context is seeming as a counter. If the marked zone is taken out and daily close below this zone may assure the presence of bears are...
Buy above 0.7176. Stop loss at 0.7137. Take profit at 0.7240. Reason for the trading strategy (technically): We prepare to turn bullish above 0.7176 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7240 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing strong support at the 10% level...
Buy above 0.7176. Stop loss at 0.7137. Take profit at 0.7240. Reason for the trading strategy (technically): Price has dropped nicely and is reaching our profit target perfectly. We prepare to turn bullish above 0.7176 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7240 resistance (Fibonacci retracement, horizontal overlap...
Buy above 0.7119. Stop loss at 0.7044. Take profit at 0.7242. Reason for the trading strategy (technically): Price is approaching major support at 0.7119 (Fibonacci retracement, Fibonacci extension, horizontal support) where we expect a bounce up to at least 0.7242 (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong...