wanna see a flip zone retest...altough 61% fib in nearly the same are..to get in a long continuation trade to the upside
Price is at the sell zone. At the moment, candle has not completely end. If it ends in this manner, I will take a short trade till the next level.
Hi guys, the GBP and NZD are basically doing the same thing, so I lumped them together. The NZD has a more dynamic range, but that's about it. Both are in a down trending wedge and ready for a breakout. If you noticed, most of the currencies are getting to the end of a pattern and ready for a larger breakout. This doesn't happen very often (1 or 2 time per month...
EURNZD recently broke out bullish in a pretty furious way from what was a nearly identical setup to this. A close above this resistance here around the 1.745 mark will trigger me in long. Lets see if this has as much steam as EURNZD did. Happy trading!
There's a great channel on this pair, I'm looking for a break of the channel and a 200 pip run either direction. For now I'm watching 1.7200 support or 1.7475 resistance, both look great for a break and a 200 pip move. Pretty simple, if the break happens I only want to stay in the trade if the break out holds, any moves back into the channel will invalidate the...
The pound sterling dented after calls by UK PM for independence Scottish referendum. On the positioning front, speculative net GBP shorts have climbed to the highest level since mid-December for the week ended on February 21. GBP/NZD breaks below 20-DMA, scope for test of 1.690 (trendline support). Technicals are bearishly aligned, RSI and stochs are biased...
Bar candle: Normal Green/Red Candles: Line chart screams SHORT: GL! -The Smart Investor
Looking for a low for C of 2, for a large move higher
5 up printed, looking for a 3 wave correction to buy into.
as with all GBP pairs I believe we will have more upside before the downside. Trade responsibly! :D
This pair remains bullish (see video and larger chart). Probably a 5 wave advance from Tuesday, so looking for a correction and a very bullish move into next week.
This is one of my ideal candle stick setups. The price rejected the bottom channel line. Buy if the price breaks above the mother candle.
Updating this idea from the previous thread which has grown too long. We now have an established low for wave B of the correction, and a 5 up from it. Any 3 wave correction now is a buy. Tomorrow morning (Tuesday) will be the high court decision. For those who trade the pound, cable also has a 5 up.
Price has strongly broken above 1.71500 and has currently held very well. We can also see a bullish continuation pattern off the price level of 1.71500. I will be look for a target of 1.75000 for the up coming week , if we manage to sustain above 1.72000. We have also had a fairly good bullish close to the day on 20/01/2017 which adds to the long bias. Trying...
Looking for a reversal in this pair to end a B wave correction, target above 1.8. I will update ideas to this thread