Short of NZDUSD at the 61.8 of the brexit move down -
A daily TF bearish Wolfe Wave is nearing completion on the NZD. At the same level, a bearish butterfly pattern is complete. This is also occurring near the important .618 Fib on the weekly TF. Keep an eye on this one. Happy Trading!!
I have entered a short position based on the following reasons: - Break and retest of strong trendline - MA's have crossed over since the break - Daily candle looks to be closing on a doji and has failed to break above 0.68 level (This is also the level for 0.382 fib. Caution: NFP is released tomorrow so this trade could see huge spikes in either direction. Trade smart
It will be great trade , it's early however. We are currently trading below Monthly Resistance and above Weekly Support. Price is between two very important levels , price can go up sharply , down as well. I will stay out for now and Will watch this currency pair with caution. My idea is , If we see Weekly Close above Monthly Resistance (1,64500) , we can see...
Good morning GBP/NZD, time to rise and shine :) My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both...
$NZDCAD created a bullish Wolfe Wave in the 4hr time frame. The structure completed at 5' so we are looking at the Off-Set rule at point 4 as a target. Happy Trading.
Symmetrical triangle has been forming on the AUDNZD pair for 3 months now. 5 strong hit points . Look for a break to the upside at hit point 6 or a break to the downside at hit point 7 after hit 6. Profit targets are clearly indicated by green lines and are based on previous structure. The top profit target is unlikely but very hopeful if we get a break...
AUDNZD – Aussie/Kiwi could continue to push higher The AUDNZD has shown strength recently as we can see in the charts below. You will notice first on the monthly chart that an inside pin bar buy signal has formed from 1.0500 support following several months of consolidation. If bulls remain in control, we could see price continue to break higher from this setup...
Bearish PA: Tweezers at Desc. TL Rejection also CTL retest Tweezers also occurred at a daily 61.8% fib bounce level Pair has been in down trend for some time and after a short burst up formed a double top and has started putting in lower lows and lower high's.
The pair has finished an ABC correction and now heading up and we have two scenarios, the first: we are in a wave x upward which is a 5-3-5 corrective wave in the main trend direction (up). The second Scenario, we are going to continue in an impulsive fashion upward to new highs. With NZDUSD breaking a trend line to the downside, it is most probably we are going...
Even if your entry is at market the risk/reward opportunity is fantastic. Ideally, we want it to test ~.9550 and take a low risk entry short position there. I think there is something brewing in the Canadian dollar, not just this particular cross..
Gold's Behaviour May Signify An Upcoming Reversal For AUD/& NZD Pairs Potential Sell Setup Shown For NZDJPY, Awaiting For More Confluences To Line Up (Especially If Gold Indicates More It Does Not Wish To Trade Above Key Monthly Resistance) Gold Outlook On Potential Reversal
Confluences: 1/ with the trend 2/ bounce of the upper channelline 3/ 0.6625 as resistance level 4/ Fibonacci 61.8% bounce 5/ MACD bullish divergence Additional: * H&S - pattern on 4H/1H * Weekly high test * Fundamentals are in our favour
This is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD (still to go down) and NZDUSD (going up and currently finishing wave 2 down) this trade seems ideal :) another "conservative"short entry could be entered after the price...
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000)....