🔸 4H CHART EXPLANATION: . 🔸 Price broke the Descending Trendline and made a strong upside move. . 🔸 Now, it is facing the Resistance Zone. . 🔸 We are waiting for a definition here. If price breaks to the upside, then the target would be the Descending Trendline, and, if price bounces, then the target zone is the Support Zone. . 🔸 Will look for a lower timeframe...
Price failed bullish movement last night due to EURUSD pullback, hoping for now to take its movement up
Bullish on multiply timeframes W1-H1. Take Profit: 0.88000 Stop Loss: 0.86400 From 04-11-16 price has been bearish till 23-03-20 due to coronavirus price had hyperextended bearish, testing the trendline low. Since 28-03-19 high price has trended bearish currently price is above trendline. This could suggest that price has reversed from March low and now is...
🔸 DAILY CHART EXPLANATION: . . 🔸 Price made a strong upside move that broke the Descending Trendline. . 🔸 At this level it can bounce and make a corrective move towards the 0.85500 Zone. . 🔸 If the level can not hold the price, then the bullish impulse could continue towards the Weekly Descending Trendline. . 🔸 Will look for a lower timeframe setup. 🔸4H CHART...
Price broke down through longterm uptrendline on monthly + smaller uptrendlines on daily and now it hit major resistance downtrendline on monthly (its like a roof) as you see and is likely to drop a lot this week as weekly pivot range is very thin. My 1st short target is some 70 pips down at 84.676. For educational purposes only.
Hello dear subscribers! The price of this currency pair has approached the resistance level. The price will fall to the target, it is at around 0.85000. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
After weeks of messy PA, previous week NZDCAD experienced a massive meltdown, followed by a very big rally to the upside. Back to 0.85500 once a again. A big order hunt above the liquidity pool occurred that caused the sell off to continue quite rapidly. Price has now broken structure and a lower high formation could provide a good set up
The European Commission wants to borrow €750B to help European Nations less capitalized. This is on the back Germany and France’s proposal for a €500B fund intended to be given as grants to poorer nations such as Italy and Spain. Financial times estimate that Italy could be in line to get close to €82B The extra €250B was suggested by the European Commission in...
🔸 4H CHART EXPLANATION: . . 🔸 Price was facing the Resistance Zone and we were waiting for a definition. . 🔸 Now, we can see that price left some strong bearish rejections at the zone, and the Ascending Trendline of the movement has been broken. . 🔸 It has potential to make a downside move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish...
When you look closely at the weekly, this should be a 5 wave "C". Looking at what it has done so far, it counts and measures perfectly for a diagonal exactly like that. Look at my weekly analysis closely so u can trade it with confidence.
🔸 4H CHART EXPLANATION: . . 🔸 Price is facing the Resistance Zone. . 🔸 The Bullish Scenario will be active if the zone is broken to the upside, and the potential target is the Resistance Zone at 0.87000. . 🔸 The Bearish Scenario will be active if price bounces at the Resistance Zone, and the potential target is the Support Zone at 0.83000. . 🔸 Will look for a...
TF: 1 HR Price looks to be testing a broken trend line. Looks like it might sell, NZD has been on a tear this week so i'm keeping that in mind. Current price is around the current 0.786 Fibonacci level, not ideal levels but it may prove to work.
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Price is on consolidation on the 4 hour timeframe as a result formed an Ascending Triangle. Price is looking like its going to break Resistance as a result of price pattern and NZD has been showing strength in the last couple of hours across board. Either way, I will be looking to go long if price breaks Resistance @0.8555 or go short if price breaks...
Hi guys a nice bounce of Pivot here along with a tdi hook and cross will lead to the bearish take over on this trade. Don't jump in too early