Market has been failed to make lower lows Support @ psychological level 1.85 Market Making higher lows
GBPNZD is in the major descending channel with the 618 fib falling exactly on the channel resistance. The inner channels upper resistance also lines up with the 618 fibonacci. Will be looking at shorting this soon - only after confirmation! Would like to give thanks to @loudon3 for pointing out some of the things you see in this chart! Trade Safe.
GBPNZD is in the major descending channel with the 618 fib falling exactly on the channel resistance. The inner channels upper resistance also lines up with the 618 fibonacci. Will be looking at shorting this soon - only after confirmation! Would like to give thanks to @loudon3 for pointing out some of the things you see in this chart! Trade Safe.
GBPNZD is in uptrend Price retested broken downtrendline Pair is based above key level at 1.9265 Above SMA 100 MACD shows weakness in bearish momentum RSI broke downtrendline It's expected to target resistance level at 1.9480
GBPNZD after the last impulse started a choppy retracement until the 0.618 Fibonacci level. According to Plancton's strategy, if the price will break above, we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow...
A classic move back to an area of liquidity. Anticipating a move back down to last weeks low over the next few days. This is a high risk opportunity as it goes against the current retail sentiment however the potential payoff is big. Disclaimer: this is not a signal or financial adive. Please do your due deligence.
Lets catch these pips . Just an idea Trade at your own risk~
PRICE WAS TRENDING BULLISH IN AN ASCENDING CHANNEL BUT HAS NOW FAILED TO GIVE HIGHER HIGHS AND THIS IS AN INDICATION OF BULLS STARTING TO lose MOMENTUM. FROM THIS POINT I AM LOOKING FOR SHORT TRADE.
Strong selling pressure these past few days with price now sitting near where it opened at the beginning of the month. With price creating a false s/r potentaily attracting retail sellers into the market looking to capitalise from the bearish market, we anticipate a run on the stops of these sellers with a continued downward move towards 1.89250.
GBPNZD is moving inside an ascending channel. The price is now approaching the lower trendline. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡...
I am thinking it will go down soon! What you guys think?
Waiting for GBPNZD to breakdown and retest before entering. See post below for a breakdown of what happens last time GBPNZD was in this pattern. Stoploss: Above the previous high Target: bottom of the pattern
Waiting for GBPNZD to breakdown and retest before entering. See post below for a breakdown of what happens last time GBPNZD was in this pattern. Stoploss: Above the previous high Target: bottom of the pattern
Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade. For this particular trade, those who were waiting for the third touch of the upper...