Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.72400). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which...
The market came and retested the trendline again in 4hrs. So we went down to the lower timeframe for entry. After the breakout of previous resistance in 30 mins we took this trade with a very good 1:2 risk to reward. we took this trade very earlier before and got stopped out. So we are in this trade again.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7176). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which...
The daily and weekly shows that the NZDJPY is in a strong uptrend. Going down to a lower time frame the market is in a correction of the uptrend and also using fib retracement the market has exactly taken 61.8% retracement and started to move up.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (78.80). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.9485). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPNZD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Hey guys, First time posting here and wanted to share my thought process here. Let me know your thoughts. Reversal pattern on a Daily ZONE. Strong rejection on the H1 and break of structure in the smaller timeframes. Price touched Bollinger bands and Expecting price to create a new lower low and reversing to the down side.
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.7167). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.89870). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in a downtrend and the continuation of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
The price managed to come down to the latest major structure zone, but even if its above the zone I am looking for some bearish breakouts, why that? I see the price after reaching the major high structure area, strong rejection happened and made little declination to the downside, that resist line is showing that. With that pressure, there are high probabilities...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.8985). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.8985). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
We evaluate short entry at the break of the support with target 0.87400
Wait to touch support level BUY GBPNZD at 1.98145 Take profit 1 : 1.97463 Take profit 2 : 1.97700 Take profit 3 : 1.98145 Stop Loss : 1.96372 Good Luck