GBPNZD - Analysis & ICT EducationThis is some recent price action on GBPNZD.
I show my analysis and give some tips on what I am looking at in terms of ICT's Concepts.
Overall, the bias for higher prices looks very strong.
- R2F
Newzealand
NZDUSD - Top Down Analysis (ICT)Quite interesting chart on NZDUSD. I give my analysis and opinion on what is likely to transpire next. Let's see what happens today (Friday) as I'm expecting the weekly to close below certain levels if I am correct in price coming for the SSL first. However, it may not happen today as there is no high impact news offering a catalyst for a manipulative move lower. We could see a weak close lower and then more aggressive action on PPI and CPI next week. Again, this is under the assumption that my bias of price wanting to go for the SSL first is correct.
- R2F
✨ ADD-ON: NZDJPY ✨ AGGRESSIVE SHORT (2D) ✨TIMELINE
00:00 Intro
00:52 DCA Entries, TPs, SLs
03:48 Technical Analysis for Novices
08:20 Technical Analysis for the Pros
10:55 BIG PICTURE (21D)
12:27 Boost, Follow, Comment, Join
-SL @ 90.00 🚫
SLO2 @ 89.33 ⏳(21D)
SLO1 @ 89.00 ⏳ (2D)
SSO @ 88.33 ⏳ (2D)
TP1 @ 87.80 (shaving 25%)
TP2 @ 86.80 (shaving 25%)
TP3 @ 86.15 (shaving 25%)
TP4 @ 84.90 (shaving 25%)
TP4 @ 1.1475 (closing ALL Sell Orders)
TECHNICAL ANALYSIS
A few oscillators appear to be showing some bearish momentum on the NZDJPY chart. For example, the Relative Strength Index (RSI) is NEUTRAL, which is a sign of bearish momentum. Additionally, the Stochastic Oscillator is also NEUTRAL at its 14-day moving average, which signals increased distribution. Both are hinting towards selling pressure.
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