Price is reacting below our pivot level at 0.71917 which is in line with 61.8% Fibonacci retracement level. Price can potentially take support at 0.70895, which is in line with 61.8% Fibonacci extension level, 38.2% Fibonacci retracement level & horizontal overlap support. Alternatively, price may rise up to our resistance at 0.72163, which coincides with 100%...
GBP/JPY: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this...
Hi traders, For today I analysed EURNZD pair. Currently they bounced from multiyears low and I think that is going to test 1.6300 area by the end of week. Daily RSI is on 37 lvl, and weekly RSI is on 34 lvl. Also today we have labour reports from NZD (expected lower that previous). Feel free to comment your opinion !
Price had been consolidating in triangle. We potential for prices to retest our descending trendline potential entry at 81.456 in line with 78.6% and 61.8% Fibonacci retracement towards our Take Profit at 81.926 which is an area of Fibonacci confluences. Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other...
Price is consolidating in a wedge pattern. We see a potential entry at 0.65251 which is an area of Fibonacci confluences towards our Take Profit at 0.65573 in line with 38.2% and 61.8% Fibonacci retracement. Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained...
Price has broke out of the symmetrical triangle and is above 1st support at 81.799 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Price could potentially bullish from 1st support at 81.799 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension to 1st resistance at 82.507 in line with -0.272% Fibonacci retracement and 78.6%...
Hello there traders 1-We can see a strong uptrend of the price since the beginning of 2021 2-A double top 3-Strong bearish impulsive moves from the price breaking the neckline & the uptrend 4-Sells were taken at the retest of the neckline & 0.5 Fibonacci 5-First TP achieved 6-Waiting for a scale in opportunity if the price retraces back to the area of interest (...
Pattern: Channel Down on 1D. Signal: Buy as the price rebounded on the 1D MA50 (blue trend-line) and is on the bullish leg towards the top (Lower Highs trend-line) of the Channel Down. Target: 1.0800 (the 0.786 Fibonacci extension) as per the previous Lower High...
-The one notable mover in October has been significant JPY weakness. This has been very marked. -So, the one question that was crucial was, 'Is the BoJ worried about this?' The answer is 'no, not at all'. The BoJ is quite happy to see more JPY weakness. BoJ's Governor Kuroda said: 1)JPY moving within the range of current fundamentals 2)The yen has...
On NZD/CHF is nice to see strong buying reaction from the price 0.6524 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... V shape rejection of lower prices +...
We are using our POW reversal strategy for this trade a NZDCHF long. Trade details for current trade are shown on the chart. Trade has just alerted at time of writing. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Trade history...
NZDJPY on the 4h chart after the rejection of the weekly resistance started a retracement move. The market has tested already the 0.382 level but we can see some key support at the 0.5 and the 0.618. According to Plancton's strategy if the price will provide us a sign of inversion and satisfy the ACADEMY rules we will set a nice long order. ––––– Follow the...
NZDUSD on the 4h chart is moving between 2 structures. The price has tested a few times the daily support at the 0.5 Fibonacci level and according to Plancton's strategy if the market will break above and satisfy the ACADEMY conditions we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure...
Morning traders it's a fresh week and start of a new month. We are using our POW reversal strategy for this trade a EURCHF short. Trade details for current trade are shown on the chart. Trade has been live since 05:15 UK time. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow...
GBPNZD - Daily Shark, I'm expecting a pullback as the .886 has completed and filled a nice looking imbalance and price is currently sitting on a strong OB (I will trade this LTF) But overall I expect price to continue to break the lows and fill the 1.13 D point of the shark which covers a larger imbalance. Let me know your thoughts!
Price is consolidating in a bearish channel. We see potential for a pullback from our sell entry at 0.65915 in line with 78.6%, 61.8% Fibonacci retracement and 161.8% Fibonacci projection towards our Take Profit at 0.65462 which is an area of Fibonacci confluences. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices,...
Price is consolidating in a triangle. We see potential for a pullback from our sell entry at 82.118 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci projection towards our Take Profit at 81.545 which is an area of Fibonacci confluences. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other...
Price is near buy entry price of 0.71714 which is also 50% Fibonacci retracement level . Price can then potentially increase to the take profit level of 0.72170 which is also the graphical swing high level and 100% Fibonacci projection. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above it. Any opinions, news, research,...