Hello guys, closing below 382 fibo on daily chart. Strong support area 1.0775. Fundamental for NZD are stronger. I expect depreciation of aud respect to nzd.
Let me know what you think
Short for me in daytrade. We're in potential abcd pattern, got the price to test 6785 and pinbar. This is a great trade for me but i don't know where the market is headed.
Despite my view of a bullish USD, i really think that the yen could not be the victim of the selloff. It's ranging a little bit now and this is a good opportunity to short with SL 102.85 and TP 101.53 (we don't want to be greedy).
Risk reward is 1:1.5 which is good.
Price finally came to 3550. I expect to stall for a little bit and than to fall again to test previous lows. We're in a ABCD pattern potencially which should give strenght to this movement.
I recommend short sl 3560 tp 3515 with RR 2:1
It appears we do have a breakout under 3585. I'm not in the mood to take more then i have risk so i'll wait for a confirmation. I think price will bounce back at 1.272 or 1.414 expansion, test the 3585 resistance and than fall down to the 1.618 level. I suggest to wait for this to happen. If it won't probably it means market wants to range a bit further and i'll...
In my opinion we are in a nobody zone. The rectangle is standing since a relatively long time, and i don't think it will be broken in the next weeks. Every medium term trade would require a huge stoploss, and that's why i don't recommend any trade on the daily or weekly tf. But something new might be on the spot. A gartley pattern is possible, and everything...
