withoutmercy

withoutmercy

Look on the daily chart we see it adhere the channel, more detail in hourly chart we see the starting of NZD weakness, Sell this pair with target at the strong support

withoutmercy

See the chart for detail explanation for criteria to buy

withoutmercy

It hit supply zone at the top of the channel, lets aim for low of the channel

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I hope this is the beginning of wave 5 .Trade is active, my entry 1.07466 SL 1.07160 with target that I would try to get the breakout wave by trailing my stop

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Big gap compared to friday might get us excited to go long but I would be cautious as it is coincide with the zone. I might look for long if market continue higher but if making lower high on lower time frame, we look for short, now stay on the sideline

withoutmercy

While the area is a sell zone, I would wait for a strong momentum candle outside the triangle. If its a big bull candle, I will go long, if its strong bearish candle, I will short it. Let the market give the way.

withoutmercy

Looking at Daily time frame , we can see this pair has just finish the first wave and now in correction stage . As first rule of thumb to never reverse a position after first wave, we are expecting the next impulse wave. Hopefully we can see a strong momentum candle to the upside. Regardless, I would take a long position at the market open.

withoutmercy

A tap to the MA 75 confirm more upside

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This trade is a waiting game because the right shoulder has not been confirmed yet. Trade only when the criteria met.

withoutmercy

A pullback to MA 75 and out from MA 25 give a signal for long continuation and this is the first pullback after a long move up, so lets continue to ride it.

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Market turn at previous high and become support so we expect market continue going long.

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Market turned at previous high which might be next support. This is very good chance to get minimum 1:2 RR

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After retracement , it is another buying opportunity. We never reverse position when there is no sign of retest and S&D imbalance at the top

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The Pair started to turn at the sell zone, lets ride it down to the line

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After a short touch to the zone, AUDNZD quickly move up showing strength with good pattern on hourly . It might be a great reversal upward

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AU ready to continue long after back at the zone. With other XXXUSD pair seems in bullish mode, the low price of AU is my best option to go long

withoutmercy

After NZD news market retrace with give us good opportunity to buy. I am looking the next resistant as target.

withoutmercy

It is nice retracement in EURNZD after NZD news and give a good opportunity to go long.