On the H4, price is abiding by the ascending trendline and near 1st resistance level of 0.87066 in line with 50% Fibonacci retracement. Price can potentially move towards 2nd resistance level of 0.88088 in line with 78.6% Fibonacci projection, along with a graphical swing high resistance. Our bullish bias is supported by the stochastic indicator as it is near...
We can see NZDJPY breakout after a few days of uptrend, it is possible the price will retest and there will be a trend reversal. This is my trading plan on NZDJPY, are you also short posititon?
We are approaching a completed bearish butterfly pattern. I will be looking for signs of reversal at the 1.272 level
NZD FUNDAMENTAL BIAS: WEAK BULLISH 1. Monetary Policy More hawkish than expected can sum up the February RBNZ policy decision. Even though the bank delivered a 25bsp hike and did not surprise with a 50bsp hike (probability was at 30% before the meeting), they managed to surprise markets with their upgraded projections and plans for QT. Markets were...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
We have reached a strong level if we do not pullback we can not cross ....... Be sure to manage capital
✅NZD_CAD retest of the strong support level Has happened after trading in a local downtrend from some time Which makes price growth a likely scenario With the target being a local resistance above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
✅GBP_NZD went up to retest a horizontal resistance Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GBPNZD hrly short ⚠️ impactful news Shortstop @ 1.92369 TP #1 @ 1.91830 71.11% wr TP #2 @ 1.91230 53.33% wr SL @ swing high 1.93420 22.22% hr WR & HR determined from past trades on this pair, on this timeframe. More trades like this on my profile and on bifrost trades
NZDCAD seems still in downtrend, price retrace to seller area. wait for bearish candle at seller area and entry short again. always use stoploss to minimize your risk.
Hey traders, Here is our forecast on GBPNZD. The level where the price is trading right now is decent and the price will most likely retrace from that. Please, leave a comment and support us with like. ❤️ Please, support our work with like & comment! ❤️
Pending orders don’t just work well for traders with busy schedules. They can help you if you: 1. Can’t manually place orders at a certain time or time session 2. Get anxious wondering what’s the best candlestick to enter a trade 3. Know where you want to enter a trade but can’t always make the time 4. Have a hard time pushing the button As for me, and this is...
I anticipate the price to correct on Weekly time frame. That Weekly correction may form buy setups on lower time frames.
FX:NZDJPY Price in stop hunt or mpl zone waiting for qml or bearish reversal pattern
Analysis on #NZDCAD The NZDCAD is forming a beautiful rare bullish setup which I like to see, two bullish harmonic patterns. bearish harmonic ABCD pattern bearish harmonic BAT pattern Trading Plan: >> If the NZDCAD completes the bullish harmonic patterns near my structure support zone where the market rallied more than 270 pips before, I will look to get in...
IN this update we review the recent price action in GBPNZD and identify the next high probability trading opportunity and price objectives to target.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions