Last hope remains between 1.0525-1.1485<1.0400, 1.0350/1.0325
The 161.8% A-B-C corrective structure points at 1.0480 (1.1175-1.0850-1.0994)
The H&S pattern aiming at 1.0525, so far today's low is 1.0524
Overall between 1.0525-1.0480 is major support – a break would trigger a downgrade
NZDCHF is facing stiff resistance at 200MA (weekly) and 20MA )monthly.
NZDCAD rejected at 200MA
NZDUSD rejected at 0.6820 its 100EMA
Trade idea: AUDNZD: Buy between market rate (cmp 1.0710) -1.0650 use stop loss below 1.0620 targets 1.0840 and 1.0880
Price action trading inside a triangle on weekly time frame. Looks a likes bears may push price down to the bottom of triangle(lower line sum support line). It also look likes that HS pattern on the same time frame is being formed. Therefore, if neckline of HS Pattern is broken, it may give us more pips in the long run. I will separately post the chart for H-S...
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ALERT SIGNAL FOR POSITIONAL
TRADE ALERT SIGNAL
DATE -14/10/2018
SELL ENTRY 1 - 1.09559
SELL ENTRY 2 - 1.09814
STOPLOSS- 1.10042
TARGET 1 - 1.09307
TARGET 2 - 1.09041
Hit like, comment and follow for more profitable Trades.
Happy trading.
THANK YOU
HOW WEEKLEY WIT SIGNAL IS VALID
FOR DAILY INCOME TRADER(DIT)
1,IT IS VALID UPTO 24 HOURS,ONCE IT HITS...
The AUD/NZD pair is currently in an ascending channel formation.
It is currently taking support at its supportive trend line.
Hence we expect the pair to bounce back strongly from this zone. Conservative traders can go long once it breaches the resistance line.
RBNZ monetary policy statement impact has completed the pattern we have expected earlier. Currently we are anticpating a wave down to complete a 3 wave correction. This wave can happen anytime now. It may be impulsive or corrective in nature. The medium term is short with a TP of about 200 - 250 pips and SL of 100 - 150 pips. Expected duration of the trade is 30...
With the quiet wage growth and low inflation, the RBA likely to paint a neutral color in August meeting.
With the low inflation, we expect the RBNZ is expected to keep the OCR at 1.75%.
The bulls should hold the 1.0850 to continue the uptrend to 1.1020 and 1.1070-1.1100 with potential resistance exists at the 61.8% and 80.0% fib reactions.
If YPP (P) 1.08720 functions as a support line, think long.
The first limit is WePP (R1) 1.09559
The second limit is 1.10000
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the...
If it judges that YPP (P) functions as support, it will be long.
The first limit is WePP (P)
The second limit is near the most high value of 1.09800
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly...
the price seeks to reverse the previous bullish guideline and possibly consolidate to double top, our strategy is as follows: MODERATE SALES BELOW 1.091, THEN SELL BELOW 1.085 to OBJECTIVES MARKED
Hey! A little late in posting this one, thought I'd let it get close and post but was away from the computer. The stock is near the stop I had expected, but hasn't hit it yet.
Can go short at Current Price Levels with just a 5 pips stop.
Targets can be : Entry level at 1.04490 & Cypher target at 1.04182
Stop: 1.04198
This can also be looked at a...
