Mordengaard

Mordengaard

Let's finish this daily h&s pattern. Go long.

Mordengaard

We're on support now. Bullish engulfing candle formed on daily chart. We need to retrace to resistance around 71800, then we can sell again. Harmonic pattern and fibonacci is very useful here. Good luck!

Mordengaard

We're on support now. Sellers got tired and we have indecision candles. There might be a retracement to 0.7180 area (resistance) then we can sell again. Good luck!

Mordengaard

According to the daily chart, let's repeat history. Major support broken. Massive short below 0.7000. Going to take some days... Good luck!

Mordengaard

NZDUSD is on major support. Indecision candles formed. We have a long opportunity here. Let's retrace to 72600 area and see the candlestick pattern, then we can go further or sell again. There might be a h&s pattern formed later. Check RSI and MACD for confirmation. Good luck!

Mordengaard

We're on support area now. Not very clear here. It can either go down to 72500 area to form a h&s OR go up to 74200 major resistance. Check RSI and MACD for confirmation. Good luck!

Mordengaard

Short opportunity here. At major resistance. Indecision candle formed. RSI check. Good luck!

Mordengaard

A double top is being formed so let's short from here. Also, check H1 for h&s pattern, same as before... Good luck.

Mordengaard

Harmonic pattern check. Candles broke out of the triangle. Retracement check. Now let's go long from here. Good luck.

Mordengaard

NZDUSD broke out of the triangle, retraced and now ready to go north again. Harmonic pattern check. Let's go long on Monday. Good luck.

Mordengaard

After breaking out of the triangle and retracing, there might be an opportunity to go long.

Mordengaard

NZDUSD broke out of the triangle. Pull back to 0.72600. Buy around 0.72600. Target is 0.7300 and 0.7350.

Mordengaard

Let's see where we can go from here. We're at the end of the triangle.

Mordengaard

If we're a little impatient, we might SHORT @ 0.7275. Stop loss around 0.7300. Take profit around 0.7200 then 0.7160. We gotta be careful here because it might break out upwards. I'm not quite sure about where it might end if it goes downwards but we can always move the stop loss. Good luck!

Mordengaard

Let's wait for the breakout. Purple area is where you should open a trade. Update later when we get a clearer signal.

Mordengaard Updated 

Finish H&S pattern then break out of the wedge. Green area is support.

Mordengaard Updated 

There might be a H&S pattern forming so let's short here with caution...

Mordengaard Updated 

ON MAJOR SUPPORT!!! After a long fall, let's retrace to 0.72550 area. Hammer detected, also RSI is heading upwards. It might form another H&S pattern or break out of the wedge.