The kiwi had a solid move against the dollar on Friday, gaining 1.14 percent. The move came as commodities rebounded, thus pushing up their respected commodity FX.
This was a response to the weaker dollar, but commodities saw their sixth week of capital inflows as traders deem a more risk-on approach in the medium-term. The move into commodities has been the...
This time, I am not showing you a trading plan. But I want instead ask a question to all of you that are following my profile.
By Arrows I marked on charts some supply levels for potential sell trades.
- Where would you risk SELL TRADES in this Trading Scenario and with which Risk Margin?
Thank You
girolamoaloe.com
AS YOU CAN SEE PRICE IS MAKING A DOWN CHANNEL.
RIGHT NOW IS MAKING A CORRECTION, IT LOOKS LIKE A "B" WAVE.
ALSO, THERES MAYBE AN ABCDE FALLING WEDGE. IF THE "E' WAVE OF THE STRUCTURE IS MADE I WILL BE BULLISH ON THIS PAIR.
ANYWAYS IF PRICE BREAK THE WEDGE IT SHOULD GO UP TO MAKE THE "C" WAVE, BUT I WOULD LIKE TO SEE AN "E" WAVE BEFORE THE UP MOVE.
MACD IS...
I suspect it's time for the NZD to catch up with the GBP vs the Swiss Franc as you can see in this chart.
The trade offers a great risk/reward ratio if it works.
I'm entering a long position now, and looking to scale in if possible, using the 4h chart as a guide.
The rate decision will bring intense volatility, and might fuel a strong rally.
Cheers,
Ivan.
As I posted in the comments section of my monthly chart, this pair is in a potentially very strong downtrend.
We're looking at a complete 5 wave decline, with an apparent 3 part correction, which looks like a zigzag and could be complete.
I suggest watching price action at the open and waiting for confirming price action before taking a new short position.
Good...
Informational chart only.
If we cross the level price sits at confidently, we might retest lower areas, around the 0.63043 mark.
I'll update with a shorter timeframe short entry.
Currently in the middle of a very strong decline with no pause.
Looks to be impulsive behavior after a long term consolidation.
The triangle in CCI is wild speculation, but makes me think...
In this pair we see a clear uptrend, and a pullback to support.
The price is over the weekly pivot, I drew two Tom Demark trendlines showing where I expect it to break.
A safer bet long would be on the breach of the daily pivot with a stop below even handle support at 0.7700.
Daily currency relative strength shows USD and NZD on top, with JPY closely following...
The challenge might be getting filled on this one, and what I'm wondering is whether price will come back to fill the order -- or whether a more aggressive order entry be warranted. Of course, I prefer to let price come to me, and so I'm sticking with 7520 as my entry point, as it is a resistance level that is also close to a 61.8% Fibonacci retracement level from...
English : Still trap on consilidation area, but we can see there is new downchannel perform. If this channel continue this week, bearish target will be at 0.7370
Indonesian : Masih terperangkap pada sidewaysnya, namun bisa dilihat adanya pembentukan channel down baru. Apabila channel ini berhasil terbentuk sempurna, maka bearish target pada 0.7370 untuk minggu...
Bullish alrady perform after this pair failed to break fibonacci support. Maximum target bullish at 0.7628.
If full candle success enter bearish area, bearish target level at 0.7370
What's the only thing better than a doji? A DOUBLE DOJI! And that is exactly what we might be seeing today on NZDCHF. Traders may recall NZD plunged last week when the RBNZ raised rates on NZD. Now, after price plummeted to a major support level, we are seeing what looks like a double doji. I'll take this as a sign that the bears may be exhausted, and that the...
