Price is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. BO Entry = 2.0239 Stop = 2.0214 Risk = 25 pips Profit target = 2.0316 ( The projected daily high ) Reward = 77 Pips RRR = 3.1 - 1 Allen this trade was analyzed and agreed upon by the traders in my Training Room
GBPNZD bullish expected -can take multiple entries near previous highs and low (those are good places where price has reversed in the past) -if your stop is taken out 1st time (Don't worry you can enter again for bullish entry or can increase your Stop loss) ( dont hesitate to take reversal entry against your analysis to save some few pips until u see the...
- BB is squeeze now - Price action is forming double top pattern - ATR is increasing from bottom now - When the trend line has been broken, I am going to expect price can move down to the support level (2.00000)
Based on the one hour chart, you can clearly see the Ichimoku lagging line and price has passed downward through the cloud. This process indicates a sell to take place for GBPNZD. There is NZD news in a few hours that can trigger it further below.
Price is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position. BO Entry = 2.0219 Stop = 2.0194 Risk = 25 pips Profit target = 2.0290 Reward = 75 Pips RRR = 3 - 1 I would appreciate if you...
Ok everyone so we were selling GBPNZD. Our trading team caught the top with a small micro lot closing with a nice $72 dollar profit. Currently price is pulling back inside a bullish flag range. We broke a descending pennant into a symmetrical 1hr / 30m pinch (marked by the purple lines) If you take notice we are riding the 50% bullish range dashed line. We are...
Price is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position. PB Entry = 2.0166 Stop =2.0186 Risk = 20 pips Profit target = 1.9876 ( The projected daily low ) Reward = 290 Pips RRR = 14.5 - 1 BO...
4H CHART EXPLANATION: We observe that price left a clear rejection to the Confluence Zone explained on the Daily timeframe. Now, it is consolidating on a rectangle, so, we are waiting for a breakout of this figure. The first target of the movement is the Support Zone (previous resistance Zone) at 2.000. If this zone is penetrated, then price has potential to...
clear rejection from 2.05 level. GBPNZD will most likely continue retracement to lower structure levels. Buyers are closing their positions and structure traders open short trades. Key levels for short trades are: 2.0 1.98
Resistance at 2.0 held strong (daily double top) Daily TL broken and retested. 4hr timeframe maintaining a lower high and rejecting TL Looking to short down to new lower lows and then long term support at 1.83500
Price is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. BO Entry = 2.0003 Stop = 1.9978 Risk = 25 pips Profit target = 2.0144( The projected daily high ) Reward = 141 Pips RRR = 5.64 - 1 I would appreciate if you leave a comment or like as a thank you Have a great week ! Allen ** I apologize if I...
Based on the news from Thursday, we saw 600 pips rise. This was a pure speculation, and now we are in a big overbought situation. At the moment the pound got rejected at a key fibb level on a monthly/weekly/daily chart. I expect a retrace to 61.8% fibb on a daily chart and then continuation in a bear movement.
PAIR IN FOCUS: GBPNZD ACTION: SHORT 2 possible routes for a Short plan: - First route would be a direct drop from current price. - Second route would be a further retrace higher and retest of the rising channel again before a drop. Price has broken down from a rising channel and retested the lower bound of the channel. Expecting price to continue its breakdown...
4H CHART EXPLANATION: In 4H chart, we observe that price effectively rejected the Confluence Zone and now it is facing the Support Zone 1, after breaking the Ascending Channel. If the zone is broken and price consolidate, then it has potential to reach the Support Zone at 1.90300. DAILY CHART: