After confirming previous support as resistance and making a double top, it seems that selling pressure is high (profit taking) and we can anticipate prices to go down to next support level marked at 707
As you can see before the NFP big bullish candle came out,there is a downtrend channel ,it is an obviously bullish sign .
and now gold come into an uptrend channel,so that we can surmise that gold will go into a bearish trend soon
another reason i short it because gold has met the 0.618 resistant
NZD/USD have a high potential to climb pass 2 breakouts
LONG after price consolidation around 0.6710-40, looking for
long set up, double long shadow bottom.
Daily support is strong.
First Breakout will be 0.6800
Second Breakout will be 0.6840+
STOP @0.6660
Wave structures exposed.
Happy trading!
WARNING : Trading is all about risk/reward. If you are rookie & does not have a trade/money management you are likely to lose money. An accurate forecast does not necessarily mean trade.
Right now price is correcting (on 4h basis) within an upward correction (daily basis) in direction of the downtrend line (on weekly basis). The idea is to trade what could be a final wave up before reaching the trend line.
Watching for a proper price action on bounce area .
Please, share a LIKE to show support.
Happy trading!
We have recently seen a sideways move. We saw a big bearish movement and quickly lots of buyers got back in. Maybe market makers were trying to eat stop losses. Now, the market could continue to fly as the market has made new highs on weekly timeframe. Ttrend could continue.... Let's see what happens...
there is a bullish 4h setup, entry at price: 0,78894 take profit: 0,78963 Stop Loss: 0,78682
A Time management and Money management must be applied to the signals.
Always have time stops in mind.
This signals are part of my trading system that I have created for my students,
it’s easy to use and is with a straight rules. so 100% clear.
The market...
There has been formed a head and shoulders on h1 and it is recently been broken. We would love to see a 4h candle closing big and engulfing above the 0.739 level, which it looks like is soon going to happen. The Take Profit won't be till the supply zone. It will be till the 61.8 fibo retrace of the downwards impulse. Let's play it safe.
BIG BULLISH MOVEMENT ON H1. WE WOULD LOVE THE PAIR TO MOVE TO THE 61.8 FIBO RETRACE.
THIS IS AN INTRADAY TRADE. TRADING SAVE AND NOT BIG RISK:REWARD....
Details are on the chart, however a longer move is possible due to a European session start
TIMING STOP LOSS IS A MUST IN THIS METHODOLOGY AND A TRAILING IS PREFERABLE!
It is a scalping methodology, and also there is no need to post analysi, as so many good analytics are here already, so I do not want to create a no needed competition, however starting...
