Based on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan,...
NZDCHF / 4H Hello traders, welcome back to another market breakdown. NZDCHF seems to be respecting a bullish structure and pushing higher. I'll look to get a position on this pair as long as the structure is respected. Checkout the chart for what type of confirmation I would like to see first. Trade safely, Trader Leo.
NZDCAD completed a Death Cross yesterday on the 1D timeframe with the 1D technicals naturally bearish (RSI = 41.395, MACD = -0.004, ADX = 27.419) as the price is under the middle of the logn term Megaphone pattern. Every Lower Low has so far been at or under the Fibonacci 1.236 extension. With the 1D RSI under an LH trendline itself, we are going short, targeting...
And yes, I said "obviously" on the title to clickbait you. Nothing more than that. Haha. Anyways. Hey Traders! 👋 For Day 37/100 of our challenge, we will look at an update on our data-backed NZDJPY long idea we sent out two days ago Technicals: (update to tagged idea) - 0.97 pivot area successfully rejected - Made an impulse move to 0.882 - Expecting long...
NZDJPY - 24h expiry Previous support located at 87.50. Previous resistance located at 88.00. There is no clear indication that the upward move is coming to an end. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 88.00 will confirm the bullish momentum. We look to Buy at 87.05 (stop at 86.5) Our...
GBP/USD: • If price pushes up to give us a confirmed second top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up to give us a confirmed second top and the last part of the move is impulsive, then I'll be awaiting a...
There is a Bullish divergence present at the moment. A bullish trend would be confirmed once the first LH (Lower high) is broken and the first HL (Higher Low) and HH (Higher high) are formed. As part of my personal trade plan, I intend to enter a long trade with a 1:1 risk/reward ratio. However, it is essential that you conduct your own thorough research and...
Firstly, I want to congratulate those who follow my short sell signal of GBPUSD in my previous Idea. Technical Analysis : In a weekly Time Frame GBPNZD is approaching the Major Resistance area of 2.10500. A Massive rejection has seen many times in past. Whenever GBPNZD reached 2.10500 level a strong rejection occurred and trader hold GBPNZD sell trades for...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
NZDCAD has exhibited a falling wedge pattern, which has been followed by a bullish breakout on the upper boundary. This pattern has emerged following a notable rally and subsequent retracement. As a result, there is an anticipation of a price rebound and the continuation of the bullish momentum to the upside, particularly when observing the hourly timeframe.
it seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
Hello Traders In This Chart GBPNZD 4 HOUR Forex Forecast By FOREX PLANET today nzdcad analysis 👆 🟢This Chart includes_ (GBPNZD market update) 🟢What is The Next Opportunity on GBPNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Pair Name : NZD/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Reversal...
NZDUSD - 24h expiry Previous support located at 0.6125. Previous resistance located at 0.6175. Trend line support is located at 0.6100. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 0.6200 (stop at 0.6230) Our profit targets will be 0.6125 and 0.6100 Resistance: 0.6175 / 0.6200 /...
We may see a bullish correction at this juncture. Bears are in control, however.
Hello traders! ‼️ This is my perspective on NZDCHF. Technical analysis: As I said in my previous analysis I look for a short from bearish order block, but as a risky long, I will see price to fill the imbalance lower and then to reject from institutional big figure 0.55000. Fundamental analysis: This week on Thursday we have news on CHF, will be released...
NZDCHF might give us a good buy setup after finishing the new wave
hi dear traders i am looking for sell position after price test the resistance zone after confirmation i will open sell position on (3) point on this chart good luck