Looking at the H4 chart, my overall bias for NZDUSD is bullish, as the current price is crossing the Ichimoku Cloud. Looking at a pullback buy entry at 0.61870 which is the overlap support, take profit at 0.65009 which is the overlap recent swing high, and stop loss at 0.60147 where the 50% Fibonacci line is. Please be advised that the information presented on...
AUDJPY LONG After a bullish engulfing pattern. The bullish engulfing bar pattern tells us that the market is no longer under control of sellers, and buyers will take control of the market. When a bullish engulfing candle forms in the context of an uptrend, it indicates a continuation signal. When a bullish engulfing candle forms at the end of a downtrend,...
AUDUSD is approaching our first resistance at 0.7437 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7383 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic 89,5,3) is also...