At market unified gartley .
Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.7-0.8XA
C-point: 0.3-0.4AB
Entry(limit order): 0.9XA
Stoploss(stop order): 1.1XA
Target(limit order): 1.5 to 1 RR
Historical performance:
First bar in history: 1999/01/04 9:00:00
Total patterns found: 11
Number of winners: 6
Average winner: 35.2...
Hi,
Firstly, watch out for NFP but the area looks promising:
1. Channel projection
2. AB=CD
3. Strong area
4. Trendline
5-7. Minor short-term trendlines, AB=CD etc.
8. Wait for a bearish candlestick formation around the entry area!
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from...
Overall, NZD/USD is trending upwards. Recently, NZD/USD trended higher.
The next support level is at 0.64400 and the next resistance level is at 0.66000.
Look for trading opportunities only after the U.S. non-farm payroll data is released.
This may take a few days to play out maybe the back end of next week but it could potentially be a great trade to the downside.
Will wait and see where price takes us and go from there
The NZD/USD has been bullish since Monday’s strong rally was fueled by talk of fiscal stimulus to boost the New Zealand economy. The Kiwi was also boosted after an unexpected rebound in Chinese manufacturing raised hopes of a brighter outlook for the world economy. And now NZD is the strongest major of the week.
Technically, NZD/USD’s 4-hour chart is reporting a...
We have seen a sharp decline on the USD index due to trade war headlines.
This has pushed ***/USD pairs to overbought conditions when looking at the RSI on the daily.
RSI is bound to cool off and the news impact to start fading.
Will be looking at capitalizing on this if we get confirmations on the 4h time frames on the currency pairs and the USD index.
This pair is the New Zealand Dollar vs. the U.S. Dollar. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird. In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world.
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