NZDUSD has been on my watchlist for a while. This pair is at a resistance. It is also very overextended and need some retracement. Wait for strong rejection and enter after that retracement. Be patient though
Enjoy the trade.
A double bottom was created on this pair. Entry was on the 1H TF. There is still some time to enter when keeping price action in mind. Possible Tp is indicated with the arrow.
This is just my idea and how I entered the trade.
This pair has a nice over extended drive to the upside. The structure has already changed and I am in the trade. My RR is 1:8.6. Thus there is still some time to enter and at least get RR1:3 on it, especially if there are some harmonic patterns on the way down on the lower time frames. I believe that the short will extend past my TP.
This is just an analisys of...
This pair has some potential for a short, but AUD has been very strong this week. It is over extended though and needs to make a retracement. Look for price action on top now and enter from there. My analysis is clear on this one. But, it might not go as low as indicated. If taken correctly a 1:3 RR might develop
This not trading advice and should not be taken as such
This is my analysis on this pair. The ultimate target is as stated if the pattern works out. It will climb in waves and not just go straight up. But we have to respond to what the market does and not predict. So keep an open mind and watch out for price action when new HH's are made.
Based on my own rules and what the banks are doing now, this is my trade I will be taking this week. It is at a support and needs to retrace to the next resistance. It might go lower a little bit more, but retracement is eminent.
This is rules based and how I trade. This is not to be seen as trading or finacial advice.
Lets see how it develop
This pair has reached a very strong support zone at which it previously reacted very strongly. If a retracement happens then it will go up to around 1.0890 Sl 1.07602. This gives a nice RR of 1 to 3. When it reaches our TP a short will happen again and tp can be set at 1.0770
This is my own analysis and should not be taken as trading advice. Please look at more...
It has been a 3 week consolidation now for the GBPJPY. It is till possible for a break to the upside because of the strong uptrend. The price to look out for my to trade to the upside is 141.623. That would mean that the candle has to close above that line and then I would cheack on the lower time frames for price action. The next Resistance would be around the...