A longer-term trade is outlined on the NZD/USD chart. A double top pattern is formed on a daily chart, and the RSI is also divergent for a couple of days. The price also seems to be bouncing off strong resistance. If the support falls, we have the opportunity to trade with a high risk-reward again. This idea is in line with previous EUR / USD plans, as both graphs...
PRICE ACTION REJECTING MAJOR CONFLUENCE AREA (RESISTANCE LEVEL AND 4H MINOR AND MAJOR TREND LINE ) IN YELLOW BOX
as we can see gbpnzd is approaching monthly demand, with nzd bullishness looking like it could be exhausted I see a buying opportunity on gbpnzd with a high ROI.
GBPUSD appears to be rejecting 1.26 which is acting as a strong resistance, if we are to see the sterling decline from this area we've highlighted where we think price could be heading which also lines up with a key fib levels. From a COT perspective it appears banks have been propping up sterling in order to sell from a better price.
Expecting a slight pullback from this area to retest a previous supply zone & also the 200 MA which would cause us to see some dollar strength across the board. short term bullish, longer term bearish.
GBPCHF is flirting with 1.21 once again, we've seen multiple rejections of this area so once again we are looking for sells for a low risk high reward setup. Fundamentally, we could see a second wave of covid due to the current protests. A lot of countries are also claiming lockdown measures are being lifted too soon. These rhetorics are causing a lot of...
Party City is in no way sheltered from the current state of things. Most stores are probably shut down, but with all the increased buying I believe we have hit a bottom and can break up to an upper channel off its most recent move. I do not have any shares of PRTY but will be looking on monday to buy in the area of 0.58-0.61 if I get the chance. First price target...
GBPJPY has approached the 132.800-133.000 resistance which is also a key psychological level. From here we could potentially see some rejection to retest the ascending trendline - which if broke could lead to further downside. We are also trading around the 200 MA for another confluence. From a COT perspective, banks are continuing to add shorts to the sterling,...
Price is entering a period of consolidation at a resistance area at a descending trendline. At the moment, we are trading around the 132 key psychological level but 100pips north we have another resistance level which also lines up with the 200MA. Selling at current levels with stops above this area could offer a good R/R but be aware of some price manipulation...
Running just under 1000pips on gold, we've highlighted potential pullback zones where we will be looking to add more positions. Good luck and trade safe
We can see another test of support in the channel it's ranging in. We are entering this trade with our stop loss below the false breakout week in case price attempts to fill it or we see a stop hunt. From a COT perspective we are continuing to see shorts being taken off and longs being added to the euro.
A pullback on USDCAD would provide us with a good opportunity to go short on this pair. We will see 3 confluences with the 200 day MA lining up with a previous support zone and key fib levels within this area too. Fundamentally, If we are going to begin to see the price of oil starting to rise we will also see the CAD appreciate in value too. From a COT...
We Can Buy From This Area But it,s will Be Risky So You Must Use 0.01 For Every 1000$ And If It Break Out The Trend Up Take more one Buy If The Price Break Out Yellow Area Enter Sell Trade With 0.03 For Every 1000$ Sl And Tp Later After Active Sell Or Buy ♥ #Wolf_Academy
Very simply strategy, the chart speaks for itself. For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too. Works on all instruments Directly onto your own personal trading view - all devices work Non repainting Regards Darren Blue FX
Let’s see how this plays out direction is there for 550 pips if your not a swing trader trade each day but only take short opportunities till hits daily TP
100% retracement of last weeks gains and also breaking through our predicted pullback area. Could price be creating a triple bottom pattern and accumulate a stronger bullish move from this area?
Here we can see the 200 MA acting as a dynamic resistance. If we see a pullback into the 38.2 fib level of the recent push higher, which also lines up with a major support zone on higher timeframes then we could look for entries to go long. From a COT perspective banks continue to add positions to the Euro as market sentiment seems to be improving due to...