At the moment, the EUR / NZD currency pair is trading near the global support level, which has more than once provoked a stop and a further rise in the price, which means this is a good zone for buying EUR / NZD in the medium term.
Looking at the weekly (and monthly) we notice a forming a possible Heads & Shoulders. Assuming the H&S forms with confirmation, we can prepare a long order after its completion of the pattern. As of now, I will be short on this one based on price action.
Do note on the fundamental side of things that the Dollar (U.S.) is weakening. Recent low GDP statements,...
1 : BTC going to break the triangle form the top then a pullback
2 : BTC will fall to the bottom of the channel then raise again and break the triangle
GBPUSD Seems to be going short for the next coming week... or weeks it's currently setting up for a BLACKSWAN where its touching a possible resistance zone. The resistance zone doesn't seem like a very strong one however its currently in position at a 38.2% retracement in the market and its touching a MAJOR trendline in the market. The trendline has made 2...
Wheat found a bottom and has been trending up, If it could get past the report on monday or better yet rally on it, we could safely call a significant bottom in place. If you're not long from lower, it's probably better to stay on the sidelines until after Monday's report
At the significant level where it seems to be a strong resistance, price shows the strong rejection with a big rejected bar on W1 indicates that finally the seller would come back and decide to take back what they deserved. The short at around 1.761 would be expected depends on the momentum of the pullback up (if pullback up strong, we would have better...
FX:EURUSD has been recently in a downtrend. However, a sudden upturn took place during it and it comes together with heavy volume, which conclusively indicates a change in trend.
Price has already closed above the area, so, when possible, you traders can consider placing long positions.
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Please, leave you honest feedback if you want to. :-)
Happy Trading@@@
I'm long term bearish on EURAUD for 2 reasons:
- head and shoulders formation
- ascending trendline became resistance
Will risk 1% on this trade, good luck
Hi there, This is a long position trade.
1) if price breaks the resistence (supply) on 1D chart, we can follow blue arrow.
2) if price goes down, we can wait and buy on the demand zone.
Sell now when price go to fibo 78.6% zone of XA or wait until we has a confirm candle.
TP1 at fibo 38.2% zone of CD *
TP2 at fibo 61.8% zone of CD *
SL above X point.
R:R :1:1 and 1:2
*: should combined with support and resistance zone.
In this analysis, I believe that the market will make a 38.2 retracement of wave A.
(WAVE A: Bullish commencement - Potential Bear Wave/Consolidation )
Note that the dashed lines within the 38.2 area represent a channel of past support and resistance.
If my hypothesis is correct, then the market will return within that area.
I'm mainly focusing mainly on...
![GBPCAD: [GBPCAD] SHORT TIME ON W1?](https://s3.tradingview.com/r/rB3GPuxK_mid.png "[GBPCAD] SHORT TIME ON W1?")
