fxtraderkristina

fxtraderkristina

hi everyone :) & have a wonderful Tuesday! Higher time frames are trending down, the weekly has crossed MA 200, which is a strong higher time frame confirmation indicating AUD weakness against NZD, 1-hour bearish engulfing candlestick closure breaking past MA 20 and 50 does confirm strong selling power. The trade has the potential to re-test the previous bottom;...

fxtraderkristina

Hello everyone 🙂 The good news is that everything is trending bullish and the 4-hour has recently crossed MA 20/50, confirming a bullish bias. On the 1-hour chart, we can see a nicely broken head and shoulders pattern crossing MA 200 with a recent bullish engulfing candlestick closure to confirm our entry. Powell's speech later in the day may have an impact on the...

fxtraderkristina

Strong bearish power on the higher time frames is pushing the price down; multiple rejections of the daily MA 50 indicate stronger bearish bias; and a 4-hour bearish engulfing candlestick closure confirms our entry, which has also broken past an uptrend and is now moving above the moving averages. The trade has the potential to drop down to the next pivot point of...

fxtraderkristina

Hi everyone 🙂 The monthly is trending down, and we have a bearish rejection of the weekly moving average. On the 4-hour, we broke past the MA's 20/50 and strong 1-hour downtrend. AUDUSD has recently broken past the 0.66339 pivot point, and it has a potential to drop further to the next one at around the 0.65221 level. The AUD S&P PMI will be released tomorrow, and...

fxtraderkristina

Hello everyone 🙂 NZD is gaining bullish momentum in the market since the hedge funds increased their buying power. On the daily time frame, we have a nice MA 20/50 break with a bullish engulfing candlestick closure, and the 1-hour is trending above all the moving averages and the 4-hour is making a new high, which confirms bullish bias. There is no high-impact,...

fxtraderkristina

Strong bearish pressure can be seen on the higher time frames; the daily time frame is pushing it towards the downside as well because of a push > exhaustion scenario & a bearish engulfing candlestick formation is attempting to be made; 4-hour price action has crossed MA 20/50; and a nice bounce on the 1-hour time frame. The AUD numbers this week came out...

fxtraderkristina

Hi there! AUDNZD is showing a strong rejection of the monthly MA 200 while also developing a huge bearish engulfing candlestick. Of course, it's not enough to confirm the trade bearish bias, but the daily has pushed towards the downside and broke past MA 20/50. On the 4-hour, we have a nice push > exhaustion to the previous area of resistance, bearish engulfing...

fxtraderkristina

Today the market gives me lemons, so I'm trying to squeeze some lemonade for us to enjoy :D EURGBP has broken past daily MA's of 20/50, heading towards the MA 100. We can see a nice 1-hour descending triangle pattern structure being broken, suggesting bearish power in the market. Based on the new hedge fund report, the euro has been sold off against the pound....

fxtraderkristina

Hello everyone & Happy Wednesday :)) We are trading with the trend since it has been trending bullishly on higher time frames, attempting to break the daily 20-moving average. A new 4-hour high broke past MA 20&50 and a bullish engulfing candlestick closure to confirm the entry. We might expect a pullback towards mid-zone resistance that has now become support...

fxtraderkristina

Hellow everyone :)) USDJPY is looking extremely bullish on higher time frames, broke past daily resistance into a new high, and the recent 4-hour bullish engulfing candlestick closure and the fact that we are trending above all the MA's on the 1-hour does confirm that there is strong buying power. We have a speech later on, but the overall bias is definitely bullish.

fxtraderkristina

The market is stubborn today, but I still found the setup I like and I believe we should profit from it. On the daily time frame, we have a strong rejection of the daily resistance suggesting bearish power for AUD. We have a new 1-hour low and on the 4-hour, we have a triple top patter forming, if we will manage to break MA 20 and a mid-zone support we can expect...

fxtraderkristina

Oh I like this setup very much and let me tell you why:) - We are trading with the trend and nicely moving towards the previous weekly lows; - On the 12-hour time frame, we have a bearish engulfing candlestick developing, which is always a nice higher time frame indication to support the trade move. - On the 4-hour time frame, we have strong resistance and the...

fxtraderkristina

Hello everyone & Happy Monday! :)) It's been trending towards the upside nicely. We still haven't reached the monthly moving average of 200 as a moving resistance, so there are still pips to be profited from. On the daily time frame, we can see bullish pressure since it's currently developing a bullish engulfing candlestick and on the 4-hour we have a bullish pin...

fxtraderkristina

We always go with the trend, and since AUDNZD is doing that on the higher time frames, why shouldn't we catch this great trading opportunity? The 4-hour time frame is currently in a bullish flag formation, which is a continuation pattern, and it's attempting to break higher. This trade has the potential to at least move 100 pips until it reaches its monthly MA...

fxtraderkristina

Another day-another trade :D As I said in the stream, the trade is trending strongly towards the downside, a weekly new low is being formed, and a 4-hour bearish engulfing candlestick closure confirms our entry. MA's of 20&50 are also moving down as strong resistance. Of course, we have to be aware of upcoming high-impact news such as the FOMC & Monetary Policy...

fxtraderkristina

hello traders:) GBP is still being heavily sold off by hedge funds. The 1-hour candlestick closed below the support and made a new low, indicating selling pressure. On the 4-hour time frame, we can see that the moving average of 20 stands very well as a moving resistance, not letting the buyers push the price up. There is good potential for a trade to move at...

fxtraderkristina

Hello everyone & let's have a profitable Monday! :)) This setup looks very promising based on price action and fundamental data. NZDUSD is looking very bearish on the higher time frames and is currently attempting to make a new low on the monthly as well as on the daily time frames. We broke past all the moving averages on the 4-hour and on the 1-hour. We also...

fxtraderkristina

Hello everyone & Happy Tuesday! As per my last AUDCHF description, this trade still continues to show us a bearish pressure in the market, 12-hour and the daily time frames are currently attempting to make a new low, if this would happen that would be a strong higher time frame confirmation. Lovely 4-hour bearish engulfing candlestick closure to confirm our...