GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), CANADIAN OVERSEAS PETROLEUM LIMITED COM SHS NPV (DI), VODAFONE GROUP PLC ORD USD0.20 20/21, TESCO PLC ORD 5P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
GBPNZD potential rising wedge pattern
wait for price to break lower trendline before going SHORT
here's a simple pattern technique that's very powerful if used correctly: a flag pattern. On GBPNZD we've recently created a new low, by breaking and closing below the black line. This make me want to short this market, and therefore the next potentially selling place would be the support that's been broken. In this case, as soon as we've touched it, ...
this is a simple Gartley formation already completed on 1hr timeframe. Its D completion point lies on a daily structure level and that boost my confidence on the trade because i know this is an area of value also in higher timeframes. Being so, i'm taking a short with stops above highs and targets as displayed above.
If you want to ask questions, feel ...
this is the 4hr chart on GBPNZD. The yellow box i've drawn comes from the daily timeframe and it represents the structure zone that i'm paying attention to. Now, as soon as price entered the zone it found immediately some troubles breaking through, and you can say that simply by looking at the wicks. Actually, it has formed a nice double top, with RSI ...
today i want to share with you a simple harmonic pattern that's about to complete on GBPNZD. I'm really interested in this formation for it's completing right at a structure level that i've drawn on the daily chart and so we have an additional confirmation.
Stops above X, targets as usual for harmonic patterns.
If you want to share your thoughts or ...