NZDUSD is reaching a significant support area on weekly chart. Watch for a possible counter trend bounce on a lower time frame. I will be looking for a price reversal on m15 chart.
No trade at the moment. I am waiting for a strong rejection candle in this area. Idea stop level is around 0.68.
I do not want to be involved if price breaks below 0.68 level, this...
I will be closely monitoring this pair on open. The pair is showing a higher high and higher low with a pullback. If you drop down to H1 you will see a nice level to place a stop just below the H1 pin bar wicks. Minimum target is recent swing high. Notice the buying pressure on the swing highs is increasing. Will be looking to drop down to m15 time frame and look...
GBPAUD Bar count since a 200 EMA touch is at 250 bars. Looking to short toward the EMA200. Target is at 1.63585, which coninces with the most recent 8 hour missed pivot. There are currently 3 missed 8 hour pivots in a row.
USDMXN Long Idea
Currently the pair has missed two consecutive monthly pivots. We are approaching the end of the month and
the third monthly pivot (currently still forming) is currently at 19.28.
Looking for long opportunities to buy long towards 3rd Monthly pivot.
I have a buy limit at 18.95 (1 Unit Long) and one at 18.50 (5 Units long)
Stop below 18.00