Look at the wicks and the converging RSC :)
The currency pair NZDUSD shows 70 pips down movement yesterday. Now we see correction of the down movement around 38,2 Fibo, where there are Volume border. I consider these alerts as a strong sales sign1
I just like this pair. For me, he is better than EURUSD if you know what I mean:) Tomorrow is FED, and I don't have some special feeling what they can do or what they need or might do and because of that, there will be one more BUY in my case. R/R this time will be 3:7, and position size according to this will be a bit bigger than usual.
Follow the chart. Load up zone .63250 down to .63 Stops below .62700 This is a swing trade with very good R:R 1st target .675 2nd target .69250
USDJPY reached at strong weekly resistance level. possibly will start short. wait for 123 confirmation.
Good morning traders. The London session is well underway this morning. Since the start of the session the USD is gaining points on all pairs whilst the opposite is true for the NZD. The combination of strength and weakness between the two currencies makes the Kiwi Dollar an excellent pair to short. USD Pairs:...
Part 1 one of this analysis we caught the exact low of the bounce past week. Because the bounce was quite strong, we can expect to see at least an ABC move. Meaning, A was the bounce up, B was the drop past days and we should be able to see a C move up. Friday we had a small bounce up as well, increasing the odds that we might have set the low for wave B and...
We caught the low of that dump past 2 weeks and have been in the V shape rally since. Target of the wedge was reached, where i suggested to take some profit or use a partial tight stop, thinking the green line might happen. Well it did but it was a wick down and up again. Now we have reached a bigger resistance zone. Not to give away the great profit, i would use...
Retesting breakout level from half year ago, sometimes a big support level, in combo with this wedge, it gives potential. A false breakout is an option as well, a quick dump. If that happens, it will be safer to see it get back in/above the wedge again. It should stay above that green level, otherwise likely that something else is going on. Previous analysis:
Downward trend will be broken soon. There is great support for a bounce here. First post, constructive criticism please.
Looks like an identical bullish wedge in the making here, just going to wait for another wave down before entering. On the left, there is a potential double top formation, but it's not likely to happen. Unless the green support breaks, than chances increase. I think the long/mid term is bullish. Previous analysis: