Price is facing bearish pressure from our resistance and trend line where we could see a drop to our first support level , 20 period EMA and Ichimoku cloud are showing signs of bearish pressure as well. A break below our downside confirmation would provide the bearish acceleration for a further drop.
Hello Traders !
Today we have a nice trading day !
USD is weak and most of the pairs like GBP/USD , AUD/USD are all the way up !
This could be change when US Stock Market will open up .
For today I will bring you this trade, a short idea in my opinion and I tell you why
AUDNZD entered in this low area in November 2018 and stay there, try several times to...
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. what we see.
Market can go opposite what we analyze. so we have to manage our risk and adopt the situation accordingly.
A bit hesitant to take this short as USD seems to be on the verge of reversing. Will be looking at how price reaches the descending trendline and then act accordingly.
TF: 4 HR
Possible top completion of the right shoulder. I sold a position as shown below the retest and rejection with a stop above the wicks of the last couple 4 hr candles. Bit risky diving in now, but I think some risk aversion is coming and NZD/USD should trade lower over the next few weeks.
If price completes the head and shoulder pattern look for deeper...
Hi guys,
NZD/USD seems to show some weakness and volumes suggest it could potentially break lower.
Price is below EMA200 and its daily pivot.
I am shorting now at the market and I am targeting 0.60130 which is a fibo level.
*** Trade at your own risk ***
TF: 4 HR
Looking to get into a possIble short on NZDUSD to the 1.68 level. Price is getting rejected near a liquidity zone followed by a test of the 0.382 retracement on the current 4 HR downside from .6110. Price is in bullish trend on the 4hr and 8 hr, but overall trend on the daily and weekly is strong downside. I am looking to start adding shorts around this...
NU has been in a big bearish trend. currently on the 1H we have come up to make our current lower high which lines up right with the 0.786 fib. SL has been set tight at 0.6375 with our target being 0.6300 - 0.6310. We could even see a dip below the countertrend line below, where we would have to re-adjust our trendline. If DXY continues higher, this will be a...
