Soterk

Soterk

i am expecting this to go down to previous pivot around 26 which is also a really nice support. MACD and price action add to the prediction. i have my TP at 26.035, opened position at 26.432 with a very tight SL cause i dont believe we will move higher until we reach that point.

Soterk Updated 

Is that an M forming? i think we go south

Soterk

There is a pretty clear bearish divergence for me at H4. It also tested a quite strong resistance. Partial profit and trailing stops after TP1. Good Luck

Soterk

In a trend going higher, it did a retrace at fib 50 in H4 and now all indicators point up at M5 and M15. I think it will at least reach yesterday's high.

Soterk Updated 

Tested MA50, now retesting MAs10 & 20. Indicators in H1 point to 0.7. Going north

Soterk

we are on a downtrend. for 3 hours its retesting and trying to break down my 50.0 fib. i hope it does that in next hour

Soterk Updated 

third time it shows rejection with nice wicks forming. i think many invested in long in last hours so it will be a nice sweep to the south to clean all those SLs.

Soterk

just a simple double top formation. my SL is too tight for now, maybe it will need an adjustment

Soterk Updated 

these trades are already open from lower timeframes. if hourly candle close below 50MA it will most possibly continue going down for both targets.

Soterk Updated 

it seems we have a reason to go short not clearly identified by patterns rather by liquidity that is waiting below the last wicks. i am waiting for someone to take advantage of that and push down for profits. small lot size cause it really points the other way.

Soterk

it shows a clear push to downside after almost an hour of rejections for bulls. seems bears taking control for now

Soterk Updated 

4 rejection wicks in an hour, i guess we go north

Soterk

Just a simple M formation. M for Money maybe?

Soterk Updated 

Last rejection pin and no visible support or resistance levels up to 1.94242 give a good chance for a long trade. Check H1 for a good entry point. This analysis stands up till the interest rate announcement for NZD. Good luck all.