Type : Bearish Drop Resistance :0.61615 Pivot: 0.60565 Support : 0.60050 Preferred Case: On the H4, with price moving below descending trendline and ichimoku indicator, we have a bearish bias that the price may drop from the pivot at 0.60565, where the current price is to the 1st support at 0.60050, where the 78.6% fibonacci projection is. Alternative scenario:...
Type : Bearish Drop Resistance :0.61615 Pivot: 0.60565 Support : 0.60050 Preferred Case: On the H4, with price moving below descending trendline and ichimoku indicator, we have a bearish bias that the price may drop from the pivot at 0.60565, where the current price is to the 1st support at 0.60050, where the 78.6% fibonacci projection is. Alternative scenario:...
Type : Bearish Drop Resistance :0.61615 Pivot: 0.60565 Support : 0.60050 Preferred Case: On the H4, with price moving below descending trendline and ichimoku indicator, we have a bearish bias that the price may drop from the pivot at 0.60565, where the current price is to the 1st support at 0.60050, where the 78.6% fibonacci projection is. Alternative...
Type : Bullish Rise Resistance : 0.63840 Pivot: 0.63205 Support : 0.62485 Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 0.63205 where the swing high resistance, 127.2% fibonacci extension and 78.6% fibonacci retracement are. Once there is...
Type : Bullish Rise Resistance : 0.63185 Pivot: 0.62470 Support : 0.61850 Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 0.62470 where the overlap support is to the 1st resistance at 0.63185 where the swing high resistance, 78.6% fibonacci...
Type : Bullish Rise Resistance : 0.63185 Pivot: 0.62470 Support : 0.61850 Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 0.62470 where the overlap support is to the 1st resistance at 0.63185 where the swing high resistance, 78.6% fibonacci...
Type : Bullish Rise Resistance : 0.63185 Pivot: 0.62505 Support : 0.61850 Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 0.62505 where the overlap resistance is. Once there is upside confirmation that price has broken the pivot , we would...
Type : Bullish Rise Resistance : 0.63185 Pivot: 0.62505 Support : 0.61850 Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 0.62505 where the overlap resistance is. Once there is upside confirmation that price has broken the pivot , we would...
Type : Bearish Momentum Resistance : 0.62475 Pivot: 0.61855 Support : 0.61190 Preferred Case: On the H1, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will rise and drop from the pivot at 0.61855 in line with the pullback resistance, 78.6% fibonacci projection , 61.8% fibonacci projection and 50%...
Type : Bearish Momentum Resistance : 0.62475 Pivot: 0.61855 Support : 0.61190 Preferred Case: On the H1, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will rise and drop from the pivot at 0.61855 in line with the pullback resistance, 78.6% fibonacci projection, 61.8% fibonacci projection and 50%...
Type : Bullish Rise Resistance : 0.63190 Pivot: 0.62480 Support : 0.61865 Preferred Case: On the H4, with price moving above the ichimoku cloud and has broken through the descending trendline, we have a bullish bias that price will rise to the pivot at 0.62480 in line with the swing high resistance and 61.8% fibonacci retracement . Once we have upside...
Type : Bullish Rise Resistance : 0.63190 Pivot: 0.62480 Support : 0.61865 Preferred Case: On the H4, with price moving above the ichimoku cloud and has broken through the descending trendline, we have a bullish bias that price will rise to the pivot at 0.62480 in line with the swing high resistance and 61.8% fibonacci retracement. Once we have upside confirmation...
Main Pattern: Weekly Inverted Cup & Handle Sell on 6487 and 6524
Hi everyone, New Idea Trading Short NZD Market Structure: Bearish Bearish Chanel: OK Below Moving Average: OK Break Trend Line and Support: 0K. Target= 0.97358 Stop= 0.6550 Risk 1%
it could be time to start looking for NZD strength eur/nzd nzd/chf i'm currently in gbp/nzd could drop from current position or push a little higher
We see some good buying, MM are joining the move given the stop hunt. We want to see price move up if not consolidate in the area and i will be out or take out my sl then go up.
If the 4hr candle closes bullish we could be expecting a change in trend direction in the 6N/ NZDUSD pair as it will be confirming that the reversal of the previous impulse is over. It is important to watch carefully price action in the area in order to consider a trade.
Well the sell at 50% of prior downmove (weekly high - weekly low)/2 + weekly low triggered a short trade. As this strategy works best on cryptos/ currencies/silver/bonds i entered a short trade. Trailing the stop at prior days high if there is a new low...