AdrianG7

AdrianG7

The 50% fib zone/Upper median lines are a good area of reversal. Careful with your money management, risk/reward etc.

AdrianG7

If price comes to that point and the bar closes below the red and blue (at the cross) parralels It would be a nice r/r trade. If the price doesn't get to that zone, on to the next one!

AdrianG7

Possible Long, Good risk/reward.

AdrianG7

If we retouch the blue parallel we might have a long entry. I would wait to see how the bar closes.

AdrianG7

Possible Long Entry - Pullback > Continuation. Euro is quite bullish and considering yesterdays slaughter and the current direction of price, I would go long at the market rectangle. Hope it goes well, good luck! -If things don't go as presumed don't chase the trade. There are plenty of opportunities in the market. Don't chase the price, let the price come to you.

AdrianG7

Possible Long Setup - GBP/JPY - If we get a retracement to that area we might have a good reversal zone that would continue the bullish move of GBP

AdrianG7

From a technical view, I like the confluence in that zone. If I see a good consolidation that would end with 2/3 bars forming double/triple tops I will go short. With a stoploss at the previous high (around 40 pips) with a tp at the red median line. Good luck!

AdrianG7

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AdrianG7

UPDATE - CANCELED THE SETUP. NEW ONE HERE ---->

AdrianG7

We can have a long entry from current level (slighty above the 0.50 fib) with a first tp at 0.382 fib. If we switch to the 4h timeframe macd has a bullish divergence (see lower).

AdrianG7

On this one, I'm waiting for a retest at the previous support. This will give us a very good SHORT entry. Hope it goes well.

AdrianG7

We are waiting for any sort of pullback or consolidation. Considering the recent fundamentals, nzd remains bearish. I hope to see a pullback at the 0.618 fib to get a long position. If we see a pullback at the 0.50 fib we can also have a Long entry with a short term target at the 0.618 fib, but i don't think it will happen, momentum is too bullish.

AdrianG7

We should see a pullback to the 0.382 fib. Taking that in consideration and looking to our left, the previous strong resistance can be a very good support and could be a profitable zone for a long trade. If this doesn't work out, plan B would be a entry at the 0.50 fib.

AdrianG7

As seen on H4 we have a good chance for a retest + Macd crossed. In my opinion the price will go to the previous highs (61.8% fib 1.1 price) and after that we have a good opportunity the enter Long.

AdrianG7

risk reward 1.3 (hopefully)

AdrianG7

Last week we saw how the kiwi turned negative quite quickly. The RBNZ pushed the kiwi lower by opening a crack for potential rate cuts and complaining about the strength of the kiwi, as usual. This continued the trend already seen beforehand. In the US, poor GDP data was countered by a relatively optimistic Fed and a greenback comeback. As indicated by the...