Wait for it to touch the resistance of the bearish trend and then enter for short.
GBPNZD trend is overall down, We have a smaller TF reversal which kicked off the first buy. - currently have a larger TF reversal inverted h&s - Elliot wave 4 to 5 impulse up after correction - target 0.618% and trend level. - GBP showing strength short term.
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Using the POW reversal strategy on this pair. Trade details can be found on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart and last one was covered yesterday in an idea. As with...
hope you all enjoy this idea on EURNZD and feel free to discuss about it in the comments.... remember this is a idea(my personal opinion) and not a signal...thank you Keep in touch I will update further soon
Looking at the daily time frame. Price is following the descending trend line. Im looking for price to retrace back to the TL for a 3rd touch which lines up with the 61.8% fib and psych level of 1.94. Before I look for that short im also looking for a long upto the TL, looking for an entry at 1.91.
For more expertly detailed analysis daily, don't forget to click the follow button. Here we have a NZDCHF chart that we are looking short on. We are at key resistance and there is some room to fall for gains.
NZD/JPY: • If price pushes up to and ideally just above our rayline and it does so correctively, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan...
Price is consolidating in a parallel channel. We see a potential sell entry at 80.672 in line with 127.2% and 100% Fibonacci extension and 38.2% Fibonacci retracement towards our Take Profit at 80.133 in line with 61.8% Fibonacci retracement. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other information, or...
If you are a Double Top trader, you would know that it is not about the strategy but where it was formed. One of the struggles that traders have is, "Where is the end of the Double Top Pattern?" There are ways you can learn to identify the potential completing zone or you can wait for the Double Top to complete. Yeap, "Wait for it!!" You can then look for a...
On the verge of break of HTL and VTL on 2H timeframe. A short high probability sprint available for NZDJPY between 80.690 (buying SL) to 80.790 as 1st TP SL as per risk appetite, first small logical SL would be below 80.3. Trail SL as we move ahead.
GBPNZD has formed a head and shoulders pattern prior to the GBP Retail Sales data today, and we are looking for continued downside on the pair. The 1H RSI remains at bearish levels, and price has recently rejected the left shoulder resistance. We are looking for downside towards the recent lows at the 1.8900 figure.
NZDJPY BUY I see a buy opportunity on majority of JPY. Especiialy NZDJPY...
NZDCHF. Watch for a bullish price action signal.
Just a random idea of nzdjpy short, 3 trades, one really tight scalp and 2 semi "swings", nice zones, trend line touch.
Price pulled back into our area of interest, and bounced out of the resistance zone. Price is now at a support level, however we are looking for downside to continue. On The 1H chart we can see price has formed a head and shoulder pattern, and we are looking for the neckline to break.