I'm a songwriter as well and I notice the songs that come to you the quickest sound the best lol this one just called to me... Maybe it's the lack of sleep or maybe the isolation but it called to me I heard it lmao
After the very bullish close on Friday i will now look for a long, taking the first position to the highs and letting the second run on a break even stop. This pair has lots of potential to move higher after a simple break and re test in a now strong uptrend. If you want to learn more about how i trade feel free to drop me a message on here or on instagram:...
We see 88.60%area interest for institutions,bank want to get to that area to do reversal and take all liqudity. Stop lose is on last wick.You can put pending position or you can enter with market exucution. Swing trade setap..Its maybe take a 2-4 days to hit take profit. Just trust the proces and evrything it bee great :) Dont overelavrege,do 0,5% or 1% per...
Both currencies are under recover since risk on sentiment took over. Long term direction is still to be confirmed by both currencies since uncertainities and virus danger are still not gone. In both scenarios I see AUD still better and safer currency to long vs NZD. SENTIMENT/SECULAR ANALYSIS: Institutions are still holding short positions on both currencies,...
Part 2/2: Technicals : So far we have a clean break below the bearish wedge pattern on the daily chart, although buyers are becoming more active recently and push the price higher. The 1-hour chart shows the key sell zone that should be monitored - it's the pullback level to the lower wedge resistance that aligns with a short-term horizontal resistance. ...
Part 1/2: Hi traders, the New Zealand stock market has been performing quite well compared to the Australian ASX 200, pointing at a lower AUD/NZD for some time. Interest rates are still neutral. Technical picture and other important analysis points follow in the next post.
Setting an order for a short on this pair as it looks to be showing resistance at this major area. there is major support below and it is in an up-tend however, i believe we are going to see a pullback. I will close partial profits at the support below and let the rest of the trade run on a break even stop. Very simple. If you have any questions or want to...
Part 2: Here's the correlation chart for AUD/NZD. Interest rate differentials pretty much match the current spot price, so it's the Australian vs New Zealand stock market ratio that we're focusing on (blue line) The chart shows a strong divergence between the exchange rate and the AU/NZ stock markets, which hints at the possibility of a stronger NZD in the coming period.
Hi traders, here we have the AUDNZD pair, a pair that has been in a strong uptrend since mid March after China reported upbeat post-corona market reports and the RBNZ pointed at negative interest rates. Now, the pair is trading at an important resistance level and at the upper resistance of a bearish wedge pattern. The pair formed an indecisive doji candlestick...
closing above Trend line is a good long. Volume looks good and can blast anytime if breakout is wonderful
Three Different levels/zones that I will watch for rejection for sells. Price had tested the monthly Resistance multiple times and rejected, then Price broke to the downside from the weekly trendline of support, retested that trendline and made a LL, then price created a double bottom on weekly tf, and has pushed back up to previous high. my bias remains short...
POTENTIAL SELL ZONE 1.08-1.082
Waiting for a drop or a lower level before going long.
AUDNZD sell stop 1.06084 SL 1.07204 TP 1.03840 R= 112.0 pips If price reaches 1.04968, move SL to 1.05860
AUD/NZD is currently dominated by the bulls, If it passes resistance level 1, we could see it going up to the next r.lvl 2 and pullback is expected seeing historical trends. Long positions: Entry: 1.07159 TP1: 1.08864 Short position Entry: 1.06567 TP1: 1.05750 towards the support level 3 (I don't see it testing that level again) Rating is currently...
If we zoom out to the higher timeframes, the monthly perspective is till quite bearish for me. However, on the weekly timeframe the price has been pushing up very aggressively for the past weeks. The last 3 weeks of price action have shown some exhaustion with profit taking occurring at 1.07500 and 1.07000 key levels. I am cautious and aware that any short...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.0665). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...