Ascending trend line coincides with key level. 4H bullish engulf formed on strong support. Good chance for a long here. All the best!
Tom Hall Market Review #5 - Sunday, 17 March 2019 Canadian Dollar / Japanese Yen The CAD.JPY (S) was executed on Tuesday, 12 March 2019 after presenting textbook technicals and healthy reward comparative to risk. Technicals consist of the weekly 84.40 horizontal structure resistance, 50EMA, and 61.80% Fibonacci retracement. Daily ascending wedge breakout,...
D1 - Price reached the bottom of the triangle pattern and is moving higher. H4 - Price broke above the downtrend line, bullish divergence. H1 - Bullish convergence, we may now look for pullbacks and buys with bullish evidences.
NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 78.6% fibonacci retracement, 100% extension) where a strong drop might occur below this level pushing price down to our major support at 0.6825 (horizontal swing low support). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading...
Trend continuation down as price breaks below cloud + Ichimoku cross downwards
Depending on your risk place stop in the area of the blue lines. Target the green line (50 pips). Please like or comment if this trade idea has been helpful. More great content & trades to come so please follow. Thanks!
Pattern: 1D Ascending Triangle. Signal: Bullish after a bounce on the Higher Low. Target: 0.6900 primarily and if another pull back occurs then 0.69200.
Check out the ascending triangle pattern and more interestingly the bullish inside bar pattern. IF the current candle closes bullish above the inside bar pattern it is a price action buy signal. Follow me in telegram messenger using the link below for live updates.
Hi traders, The daily chart of NZDCHF shows that the uptrend from Sep. to Dec., 2018 is a textbook five-wave impulse pattern, labeled 1-2-3-4-5 of (A). According to Elliot Wave theory, a three-wave correction in the opposite direction follows every impulse. . So far, we have seen a five-wave impulse in A of (B) and double three combination (w-x-y) in B of (B)....
The nzdchf is currently in a technical format known as technical analysis called Double Top, What Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs, What Does A Double Top Tell You? A double top is a bearish technical...
NZDCHF SHORT Wait for certain conditions before a possible entry: - Congestion - Short Candle formations - Fundamentals to continue being in favor for a short CHF - Major holder of gold - Uncertain economic situation causes investors to buy gold through brexit, trade war and EU debt crisis - This appreciates the CHF NZD - "NZ trade deficit hits $791m in...
Support found after double top. Now forming a hammer candle.
NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.6779 (horizontal swing low support, 38.2% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a...
After analysis i can say we will have DOWN trend here. I expecting TP2 i will upd late. Chance for invest 100% good. TP1: 0.68150 ENTRY: 0.68300+- SL can be 30% of invest Chart time frame - H1 Time for reaching TPs - 2-8 hours Follow, Like, Share or Comment Thanks on supporting! All best!