We have broken key zones to sentiment a push to retest a previous high of 1.19990. With this MACD cross through signal above 0 line we will push further to retest point.
If you take a look at the 1 hour chart we are seeing a similar bear run the previous time we retested 77.00. It seems like the bears want control so patience is a key to confirm true direction.
Strong rejection of 1.05600. As we saw from the last we rejection at this level we were sent to retest 1 .04900. I expect. These two points to be retesting for a while as AUD and NZD have been alternating top strength among all currencies. Fundamentals have stronger sentiment to trade AUD and NZD against all pairs giving correlation to potential...
I’ll be looking for a sell entry once .67000 support is breached with a close out. AUD and CHF have fundamental correlations such as gold that establish strong resistance and support so once these areas are breached a retest of a low or high is in play. Once this support is broken I’ll look for a retest of .66000. Potential of reaching .67400 is possible hence...
When pairs make significant moves to reach all time highs I back track the pair to the last time the similar move played out which was this time in 2017 for GBPUSD. I am a big timeframe trader and have read multiple accounts of traders trading based off past moves. These moves and timeframe correlate. I have also back tracked NZD pairs to the last time we saw...
If this MACD crosses up through signal while above zero line within an upwards trend, continuation will take place with minor pullbacks. Look for buy entry and hold. Watch GBP index as well as DXY for significant reversals that may significantly interrupt the trend continuation
Looking like a nice potential sell with a MACD signal cross. Looking for a retest of .90900
We were previously breaching RSI oversold zone. JPY is picking up strength and I expect a retest of 123.000. Also looking for the MACD to make a full cross down on signal with this next candle close out to confirm downward momentum.
After a nice bull push we are way in the overbought zone within RSI for this pair. Once this MACD makes a full cross down through signal I expect a huge push to retest 113.800 support which has been very strong.
When MACD line crosses down through signal while above 0 line and under 1.00 with a close out the trend pattern indicates the MACD and signal will cross down through 0 line with no pullbacks. I back tracked this pattern in 1 month time period to confirm my pattern belief. Watch for a complete MACD cross through signal with the next candle close out. If this plays...
I have previously posted my scalping strategy basics with this pair. In this post I will explain the strategy in depth with my Buy/sell stops with TP points. Currently I am in a long position after the strong retest of 1.18000. My tp is set at 1.18800. Once my first TP hits a buy stop will trigger with a TP target of 1.18900. Once my second TP hits and exhibits a...
Look at the significant drop here after the MACD crossed down on signal. This is an early drop after a candle opened with retracement is expected but I expect a push for the MACD and signal to cross down on 0 line before a retest.
I do not see anything that is going to intercept NZD’s momentum. We can be confident that finding buying points within the support of the presented channel is safe until we see a significant break out of the channel. Current indicators are playing out for a buy. I place an early buy prior to the MACD signal cross. Do not take blindly and place entry points along...
Using the scalping strategy I used last week for this pair was as sucess and I will continue to utilize this set up until we se a break out of these zones. You can see a clear wick retest if 1.18000. RSI and MACD are confirming the reversal of retesting strong pivot. TP at 1.18940
This pattern may be a push but nonetheless I was rather screen dead from deep technical analysis the first half of the day I decided to practice more harmonic patterns for some fun. Presented is the potential swing direction as long as there is a strong reversal at .72200 Indicators are set to bring direction towards pivot. Please comment on your thoughts.