Kiwi
GBP/NZD NICE SET UPThis looks like a beautiful set up with rvi and price action blending perfectly price rising to a neckline and ema 89, looks very good to short on weakness. price has been consolidating under the neckline and looks ready to drop,
LOVELY SET UP!This looks like a beautiful set up with rvi and price action blending perfectly price rising to a neckline and ema 89, looks very good to short on weakness. price has been consolidating under the neckline and looks ready to drop,
NZDJPY Short Opportunity - 60 pips aproxNZDJPY Short Opportunity
Confluences:
1) Price has been rejected twice from a descending trendline (daily timeframe)
2) Is in the top half of a 20+ days range
3) In the 4H timeframe; 2 fully descending candles have closed under the 200 MA
4) In the 1H timeframe; 9 period EMA is crossing the 21 MA to the downside
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I wish BIG profits to you ALL!!!
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I am grateful to have been taught by God and myself on trading.
My money grows every day in increasing quantities on a continuous basis.
General bias is shortOn weekly we can see accumulation below a significant level which suggest price will push further down.
On daily price can pull back up somewhat into last the last 2 days candles (where my red arrow starts) but eventually it will drop.
NZDCAD - Good R/R Set up - TRADE OPPORTUNITY Technical view of - NZDCAD -
Whilst having fun doing my weekend analysis for the week ahead, I do this to plan my week ahead - I'd like to share a good trade opportunity for you for next week!
Pattern - Head and shoulders / Bear Flag
- Measuring the patterns both = to good Support areas.
- If it goes above the areas of where the shoulder should be - the pattern of H&S is no longer validated - I would then concentrate more on the Bear flag formation building, for further confirmation you could wait for the break out and trade the pull back or get in where you think is appropriate following your trade plan.
Within my analysis - I have clarified where I'd be taking profit - Profit 1 & 2, I tend to scale out of trading taking profits due to psychological reason, which there are great books out there and mentors to help you with this - if you're interested within learning more about this - message privately. Again, follow what your plan - I will be only taking 60-70% of my profits at profit 1 area (Depending on price action at that moment of time) and the rest at profit area 2. (You could even go through lower time frames for day trading set up opportunities - Higher time frame = Shorter time frame movement).
Key tips: All alerts and don't forget to put an appropriate STOP. It's good R/R trade.
Remember: Just a trade idea, not a recommendation.
Have a great week ahead!
All the best,
Trade Journal
NZD/JPY consolidation into 70.00 resistanceHello Fellow Trader!
NZD/JPY advancing into the 70.00 resistance level for a possible distribution zone.
Must wait for a solid bearish candle reversal signal for optimal entry, or a solid candle close below the yellow trend line for NZD/JPY supporting entry.
Key Points:
- Price hugging above the 200 EMA
- Price holding above the 50 EMA
- Approaching 70.00 which coincides with upper Bollinger band
- RSI also moving into overbought territory
- 61.85 Fibonacci retracement level cluster with 70.00
Key Levels:
Support – 50 EMA, 200 EMA, 69.470, 69.870
Resistance – 70.00, 70.10
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – 69.900
Supporting Entry – 69.800
Candle Reversals for entry
- Bearish Shooting Star
- Bearish Engulfing
- Bearish Dark Cloud Cover
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks above 70.150 – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry 69.900 – Target 1 69.470 = 2.8x Reward to Risk
Supporting Entry 69.800 – Target 1 69.470 = 1.5 Reward to Risk
What I'd love to see on GBPNZD!If my trend line holds as a resistance then i'd looking forward to short.
NZD_CAD BREAKOUT SHORT|
NZD_CAD FACED KEY LEVEL
BROKE SUPPORT
NOW SHORT WITH CONFIRMATION
Use 0.5-1% of deposit
Simple Price Prediction of Kiwi Property (KPG) Trade at your own risk. I am just sharing this for your own information and I am not licensed to provide financial advice. If you have any input please share it in the comments below, any input would be awesome. Lets try help each other get better at making moolah! :$ :D
nzd / usd changes elliott wave notation.nzd / usd changes elliott wave notation.
After I observe, I will change the Elliott Wave notation for this pair, I estimate the impulse wave has finished with the formation of wave 5, currently wave a-b-c has been formed.
Will current prices return to impulse? or continue correction to form another a-b-c?
if the price does form a new impulse, then the positive price will break through 0.68200.
so we better observe first for further confirmation.
NZDJPY - Sell now validNZDJPY - sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
Quite a relief profit, 100pips is on the wayQuite a relief profit, 100pips is on the way
See the previous analysis at
s3.tradingview.com
Currently the price is quite close to the TP area, I still assume the price will go up, but stay alert if the trend starts to reverse direction.
there is a possibility, that this will form a channel like the one I drew above, it could also be that the price has not yet approached the channel I described but went straight down through the Validation Line.
in case the price goes down and breaks the validation line, then we can prepare for a trend change. let's take a look at the limits that I have created, while waiting for the confirmation that happens later
