First of all, price almost hit the 61,8% fib retracement. Then broke the upwards trendline. After that it came back to re-test it and created a double top. My take profits is 1.66313, and i will cut the lose if it close above 1.71019. Let me know what you think about this!
Overall Trend is Bullish, so we're looking for only Buy positions. After breaking out of a strong area of support and retesting, I expect the Bulls to push higher out of the current down trend. If you look to the left it looks like a Head and Shoulders pattern is forming; left shoulder and head has already formed and right shoulder is in the making. If price...
i am long on a technical pullback on the up t-line since june 2017 that can appears maybe soon as i see a rsi divergence also in h1
enter at 1.6910 for target the old up t-line from june around 1.16970-75 just for a small pullback
gains 55-65 pips
time 24h
short eurnzd short time 1-2 day
just pass or been on weekly-monthly resistance
overbought in many indicator h1_h4
Eurusd also much overbough and up too fast and i not see a real upbeat in GDP and CPI
so a small correction is legit even the NZD is very weak
short at 1.7087
target 1.6990
profit =97 pips
No sl (just monitoring)
all time in 2 positon..when 1...
Pretty simple guys :)
Swing trading is really one of the best methods i ever saw!
The reasons for entry are supportive trendline, ema 36 and structure!
Wish you nice week!
Marjan
ForexSwingTraders
NZD supported by precious metal but dont know how long ??
also euro policy it more close to change in bullish direction than nzd policy
On long term i am long,now i try this on short term
entry 1.6445
target 1.6565
stop loss 1.6385
i short to expect a pullback at 1.6879 target 1.6760.
the Nzd are very weak as trhe Leader Peters backed Labour to form a government so the market remain nervous because they scare they will do same as Signapore monetary policy like a "net effective exchange rate target" so is very not good for NZD but all i said is for now is just speculation about ,and when it...
Seems like we are having an Ascending Triangle formation. Go short at rejection of the resistance. LIKE and FOLLOW to receive instant notifications each time I post my trade setups.
just an idea,nothing to do marke is quiet and even after RBNZ meeting who leave rate unchanged not have move on NZD
only they insisted a lower NZD is better so midd dovish tone or status quo event
this view is only if can breakout the ma 20 and ma50 in 30min,h1 et h4 who is blocked by
