Down Trend: A series of LL and LH Short Reason: An entry was taken upon the tweezer top. It indicates that the price will move downwards from this point. Support and Resistance: Blue lines show the weekly support and resistance whereas red lines show the daily resistance. SL: It is placed at the previous LH of the chart. TP: First TP is near the closed support...
Morning Godal Member's, Traders and Aspiring Traders . Todays shared post is on . Pair : NZD/USD Time-Frame - 4H Biased - Bullish Today post is on NZD/USD. After having a break out of the counter trendline based of a long term daily bearish channel. I will now be looking for potential longs in goal of upside to the daily bearish resistant trendline.
ENTRY : 0.70600 STOP LOSS : 69.700 FIRST TAKE PROFIT : 0.71300 RISK : 1% CAPITAL Once first take profit target is hit we will close half the position. We will then look for continuation of trend. As we have more information i will follow up with an analysis. GL. Please feel free to comment and discuss. If you like this idea or traded it with me please like and...
WE BROKE THE 4 HOUR UPTREND AND NOW WE RETESTING IT , CAN WE GO LOWER NOW
In mid-February, the price bounced off the 0.715 support line and began to grow. During the strong growth, it was able to consistently break through first the support line 0.727 and then the level of 0.742. Then it stopped at the strong resistance line of October 2018. From this point, the price reversed and began to fall. She has already broken through the level...
After the price broke the uptrend last week, it touched the 0.717 price level and eventually returned to growth. The price movement follows the price levels created in the ascending channel in December 2020. At this moment, the price is again within the trend at its upper border of 0.733. She started working on the correction. It can be expected that the price...
The price is backed by a strong June 2020 support line. In November, there was a breakdown of this line, but before and after this breakout, the touch of the line reversed the price direction. The last time the price touched the line at the beginning of February around 0.714. And now it is in the process of growing (working with corrections). It is likely that the...
A Wedge reversal pattern has formed on the chart. Elements of the pattern: a clear trend preceding the formation (for this example, an upward trend), at least 5 touches of trend lines, a mandatory narrowing of the movement zone and a decrease in the volume of price fluctuations. The pattern will be fully completed after the breakdown of the 0.714 trend line. Only...
NEW ZEALAND DOLLAR - CHICAGO MERCANTILE EXCHANGE FUTURES ONLY POSITIONS AS OF 2020-08-25 Non-Commercial Commercial Total Non-Reportable Long Short Spreads Long Short Long Short Long Short 19,756 15,568 850 11,590 16,866 32,196 33,284 4,482 3,394 Changes (Change In Open Interest: -1,883 ) -757...
Shorting underside of volume node, confluent with loss of order block, targeting next relevant Volume node below, confluent with daily 200's
Looking like price will continue the overall trend of up, with a retest of previous broken resistance turned support level
I'm betting short on NZDUSD because price failed to make a new high in its last swing. Now, I'm looking to see if support can break below. If it can, I think that NZDUSD will go much lower. It looked like NZDUSD was trying to accumulate on the daily. But now, I'm thinking that the accumulation might fail.
Pease Give a Follow, Like, Comment, until the next ...
Lets wait for a breakout and then we continue the bearish movement. +200 pips target
OANDA:NZDUSD is forming a good bearish flag. Overall trend for pair is bearish. Can we break below? Happy Trading