Such a strong bull trend, I'm not looking for any sells.
I'm looking for buys above 0.73 or buys at the bottom of the channel.
Notice the short term Fib, and notice that last 4hr candle how it closed as a bearish hammer, after a strong bearish candle. That wick is important as it showed price didn't want to break below the usual pullback and minor white trend line.
Still looking for weakness to take out blue levels - Then off to 91.50
Last week Thurs/Friday was so slow but I liked that we drifted down and respected the resistance above market. I will be looking for trades on fibre, aussie, cable and gold this week. I will also keep an eye on Loonie and kiwi to see if I can pick something up.
Follow for updates - will...
This looks like a beautiful set up with rvi and price action blending perfectly price rising to a neckline and ema 89, looks very good to short on weakness. price has been consolidating under the neckline and looks ready to drop,
NZDJPY - sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following...
This is NCHF on the 4 hour. We could be seeing a reversal on this pair. Using parallel lines (which this pair tends to respond well to) we can make a case for NCHF being in a key value area. Before jumping in, we will need to wait for the market to give us clear confirmation. I would be looking to get involved at a clear rejection from the 4 hour, or if we see a...
A great example - we no longer use technical analysis at all - but I spotted this from elsewhere.
Its a great example - that demonstrates our strategy will catch any big move anyway so save yourself the time and subjectivity.
We have no need to draw and analyse our charts - our strategy is already coded and we now execute and follow with confidence and belief...
This pair has the potential to form a form a flag, as right now we are in a corrective state. If the pattern forms I would be looking to short at the rejection of the top of the flag.
I have identified an expanding on this pair and typically expanding tend to move higher to the upside. Price has the potential to head higher to the top of the expanding, and perhaps even break.
Price is looking like it will continue the move to the downside. On the lower time frames, a correction is forming which adds confluence for the continuation. Of course there is a possibility we hold this channel bottom and head back up to the channel top but the market will give us confirmations in order to take advantage.
I have been watching the kiwi for weeks now and price action has just been developing. Price is at key level of value, similar to NZD/USD so I will be watching to see how the NZD pairs perform this week. Price has formed a channel and now we have touched the top there is a possibility for price to move to the downside. For the longer term play I would be looking...
Similar to the other NZD pairs, price is in a key area of value and it is likely we will se price react in this area. A first target would be the trend line and if we break, then we will look to reach the beginning of structure.
EURNZD is Bullish - We look to Buy at 1.7295
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Bespoke support is located at 1.7295.
▪️ A bullish reverse Head and Shoulders is forming.
▪️ We have a 78.6% Fibonacci pullback level of 1.7295 from 1.7190 to 1.7653.
▪️ Further upside is expected although we prefer to set longs at...
These are the two likeliest scenarios which I find plausible. My bias is that we will rally back up to forma. double top formation, slightly exceed the high before dropping but we could see bears come into the market from the word go.
EURNZD is Bullish - We look to Buy at 1.7420
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Bespoke support is located at 1.7420.
▪️ A bullish reverse Head and Shoulders is forming.
▪️ We have a 61.8% Fibonacci pullback level of 1.7361 from 1.7653 to 1.7190.
▪️ Further upside is expected although we prefer to set longs at...
