Pinned into support but not quite in to the mean of our support range, took off with no turning back (other than the volume dump we saw across most NZD markets). Resistance/TP was pinned and instantly saw market corrections.
Possible structure break with a retest due, not overly fond of trading against the NZD so would really like to see lots of...
Monday again and our strategy has already picked a trade on the pair covered in my idea last night.
The pair in question is EURCAD working the 30M time frame.
This short trade is well underway and at the bottom of this idea are the year to date stats on trading this pair in the manner I do.
The strategy in play is adaptable to any instrument...
There is a possibility of temporary support to the suggested trends support lines. If so, traders can set orders based on Price Action and expect to reach short-term targets.
NZD/USD is in an uptrend, and the continuation of the uptrend is expected. ( I will show you zoom out in the comment )
. The RSI is at 30
So evident we saw GBP, AUD and NZD correct negatively last week with month end flows, and subsequently CHF, USD and YEN corrected/balanced positively. ***YEN pairs are still on the backfoot as we approach retest areas, keen to see how these pairs develop.
Looking for a double bottom or second retest of that 83.700 price to try and get involved long...
Quasimodo Pattern Trading Rules
The Quasimodo trading rules for sell signals can be summarized as follow:
A prevailing uptrend needs to be visible – series of HH followed by a series of HL.
Break in the market structure – price start to make lower lows LL.
Entry Option #1 - Place a sell order near the right shoulder.
Entry Option #2 - The 50% - 61.8% Fibonacci...
Hope the weekend has helped you all recover from that crazy month end.
Quick share from me on a pair that has been super solid this year and was the calm in the last few days of the massive market moves.
The pair in question is EURCAD the idea I'm sharing is on the 30M time frame.
Thanks to our strategies built in back tester I'm able to share...
Really big correction seen yesterday once again, no surprise, there was a whole market shift towards the latter part of London close, it was almost like month end flows were seen yesterday.
Support/resistance zone here seems like it wants to hold so far, little bit of time left on this H4. But relatively clean play thus far.
Yesterday we saw above average results for the US on the job and manufacturing report. There was also a positive report on the effectiveness of Covid-19 vaccine. These reports might spark the optimism towards the economy of the US.
Back to the chart, if we are looking on the 4H chart, the channel has been broken. Interestingly, there was a double top...
Are we finally seeing some NZD weakness?
Our algo thinks so and had presented a long trade on the EURNZD pair.
I entered this a few hours ago and looks like it's starting to gain some traction.
The trade in question is on the 30M chart and has a risk reward ratio of just over 1:2
As with all my ideas the back test results can be found at...
Some big moves in the markets today.
NZD is proving strong and our strategy has presented a short trade on EURNZD pair.
Working the 30M time frame here to a 1:2 risk reward ratio.
As with all my ideas the back test results can be found at the foot of the idea for trading the pair in this manner.
Test results are from January 2020 to today,...
Our strategy originally presented a sell on the pair in question at 6am UK time.
However as the market shifted a valid buy trade is now live and trending in correct direction.
We are working the H1 time frame here to a RR ratio of 1:2.5
I know from the built in strategy tester this pair was profitable all last year trading with a ATR based...