Price has pushed down to a major level now and waiting for a bullish entry reason to go long on this. We also have a gap opening earlier on Monday opening. Market usually don't like gaps and tend to fill them up pretty quickly. I have marked the tp and for you but the trade is only valid once we see a bullish engulfing candle from where we are now.
Let me know...
Although this is a short term long but here we have a nice setup on GBPNZD. Price pushed up and pulled back and completed with a bullish engulfing candle which suggests uptrend for time being.
I have gone long and marked tp and sl for you as well. Trade safe and good luck. Let me know your thoughts.
Price of GBPNZD has currently been travelling in an ascending channel. There is a minor support trendline marked out in a thinner black line inside the the channel. Price just recently broke below this line indicating a drop down to the bottom of the major channel like it previously has.
We sent this trade out to our FREE signal members on the entry of the chart!...
Quite easy trade this. As you can see GBPNZD came down touched the 50EMA and bounced with a bullish engulfing candle which suggest that this pair is on course to make another bullish run.
I have gone long on this one and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
on the higher timeframes, like the daily, this pair is in an uptrend, because it broke to the upside the most recent resistance (upper black line). Now, until we broke a support to the downside, the trend will be considered bullish. Therefore, it makes sense to look for trading opportunities on lower timeframes, when we see there's higher timeframe...
as you may know from my previous analysis on this pair, i've been looking at it for several days, as soon as we broke the level represented with a yellow box, that is our previous daily resistance. Once it's been broken, my bias has turned into bullish because i know that a break of structure to the upside can mean a trend continuation opportunity. I...
with this idea i want to show you the beauty of harmonic patterns. Sometimes you see that price is consolidating and you don't know what to do because it seems it doesn't have a clear direction in mind. But when consolidation happens, patterns breed. You don't have to determine what the trend is because you don't care really. You're ready to trade on the...
on the daily chart on GBPNZD we've recently created a new structure high. This makes my bias directed to the upward direction and therefore more incline to take long opportunities. As i went down on lower timeframes such as the 4H, i've identified a nice harmonic pattern (a Gartley formation) that's right near the completion point (brown line). Since the...
Hey guys, thanks for checking out my idea, hope it helps.
Why do I think Trend continuation?
Let's start with the first Double Bottom (DB), it retraces at the 618 and shoots up to a new structure high, I believe that this pair is on a retracement after hitting the strong structure resistance from 2011 and also as ...