buying based on my own analysis. this is a risk trade but with a small SL.
For all we've known, formation of inside bars may mean two (2) scenarios: a reversal of the trend or a continuation of it. Since I'm already long Pound-Dollar, I will be looking to enter a long. Be cautious of the incoming Great Britain election.
Now that the down move has reached the up trend line it appears as if it is time to look for a run back to the upside. The trend line on the daily chart shows support at the moment and if it holds will provide a good reward to risk ratio.
Hey Guys, Top broken so look for a sell set up! - Hola chicos, Resistencia retesteada así que buscad banderas de venta. Carlos
Finally, GBP/NZD pair breaks the resistance zone strongly. In H4 Chart, there is a corrective pullback sit well on the previsous resistance zone. It will be a great trade to long when there is a strong bullish bar appears as a signal to entry :) It will be a less risk with huge potential return trade :)
We have two scenarios But first the market must go to 1.75758 If 1.75267 was broken the market will go to 1.72648 If 1.75267 stayed strong the market will move to 1.78419 and it will move back to 1.72648 This is a new way in Elliott waves counting by time cycles more logical more Easier and more faster You will see my results :D
3 white soldiers (3 strong bullish trend bars) show the strength of bullishness. Watch if the price can break through the resistance zone near 1.77xx. It will be good to entry when the price pull back to the resistance zone again! Enjoy your day :)
we have a broken triangle on daily. Buying till the next resistance. trade active.
this pair is created strong support now it will try to test resistance.
Please always trade according to your own strategy. Thanks
Its the third time at the same level market rebound and the triangle more explored to us after breaking the down trend and testing it again we are sure market will go up to 1.8041 this level our first target and under the new low is our SL . Good luck ..
There is high chance we may break the trend line since the support did hold and we have weakness in NZD and even more weakness if they have rate cuts. Once we break the trend line am expecting upward movement to the top of the...
GBPNZD Long Term Plan 1400 Strategy