Price has been respecting a long term trendline and currently testing this level once again after hitting January 2018 lows!
Will we see a breakout this week and AUD release across the board?
Keep your eyes on this pair!
Price has hit our long term targets at the bottom of previous structure and since has found support at the level. Will we see NZD strength prevail and price break further to the downside for the rest of the week?
Have a great trading day.
seems we could have topped out, i could be wrong as bitcoin loves messing with your mind, but im seeing the top maybe as we just are not moving at all as there isnt no volume, that drop lastnight was scary for alot no doubt for alot people, , lets see what happens , its only a idea but could play out
We've been bearish on this pair for some time now after a previous break of structure. Price retested the highs and tanking rapidly so far today.
If you want to learn about this analysis, using highs, lows and key structures just send me a message on TradingView.
Happy Trading guys!
We've seen NZD/CAD in a long term uptrend. We see a break of structure, a retest of a previous structure low before bears enter the market.
Look at these textbook break and retest setups and potential entries you can take to the downside! A break and retest is when price breaks through a previous low in the market, retraces and tests this level as resistance...
Looking for a potential liquidity trap on Pound Yen today on this standout low.
This looks nice for a quick shakeout as it's the only low formed since breaking 138.2's so trying to hunt the stops here.
Will need confirmation to enter i.e. a break below and close above, showing that traders are trapped in positions.
Will target the FTA.
Clues: Trendline breakthrough, 50 ema crosses the 200, tweezer bottoms on weekly TF, W formation.
We are at level 1 expecting level 2 to form this week. Look out the news for GBP this week!
Note: Please do YOUR OWN analysis before you enter any trade!
Good luck fellow traders ...!!
Looking for further downward momentum today, nice break of range and signs of further momentum.
GBP is in poor shape currently and on higher time frames we have no reason to believe this is near the end of the new lows.
Hi, Buy 1315-1325 - You're looking for a long red candle-wick on the 4 hour or daily for your entry point. Best to wait for confirmation.
To the Technical Analysts - An Inverse Hammer for entry signal.
- Divit -
P.s: Keep your eyes on the news ( Chubby Korean Boy dropping bombs like Travis Scott Drops Hits )
Declines on AUDNZD has been going on for three months. In previous week demand tried to reverse this unfavourable situation which ended in a rebound from resistance at 1.0550. Support at 1.0390 also did not stop the sell of and as a result AUDNZD reached its lowest level since January 2017.
Current target for bears is 1.0340 support. At this level we could...
Bears on AUDNZD took wind into the sails. Strong declines began on May 22nd and since then price has fallen from 1.0750 to 1.0425. During this period following support levels were broken: 1.0570, 1.0500, 1.0440. The nearest support towards which currently price is heading is 1.0390. This level can provide a temporary correction, but main target for bears is below....
Here is a nice Trend Continuation Trade on GBPJPY. Made a deep retracement right back into the previous structure level which is holding. Great opportunity to enter a low risk short position with the overall bearish trend. Target would be a retest of previous lows and could use an advanced target to shoot for a 127.2 extension
1) Expecting a pull back into Daily resistance zone @ 113.847
2) If Daily resistance zone @ 113.847 holds
+ break of trend line expecting shorts to lower bounds of the range @ 112.35
3) Downside target ~ Support zone @ 112.354
4) if downside target @ @ 112.354
is achieved and broken will watch price action in this zone for further shorts towards 110.939 zone
Gov Lowe speech Highlights:
-RBA GOV LOWE SAYS INFLATION IS EXPECTED TO REMAIN LOW FOR SOME TIME, BUT THEN TO GRADUALLY PICK UP AS LABOUR MARKET CONDITIONS STRENGTHEN
-RBA GOV LOWE SAYS OUR VIEW IS THAT A FLEXIBLE MEDIUM-TERM INFLATION TARGET REMAINS THE RIGHT MONETARY POLICY FRAMEWORK FOR
-RBA GOV LOWE SAYS A FLEXIBLE MEDIUM-TERM TARGET IS THE BEST WAY...