as you can see i am short since the last top. The pair have been bullish since 4 years ago. not because of the strength of the NZD but for the weakness of the CAD.
you can see the pair didnt make a high higher so the up trend is getting weak. Theres is a posible formation of a double top pattern. Any ways the price should go to the trend line. is a good trade,...
- Strong previous support level
- Retraced off a key fib level (0.764)
- Decent risk/reward ratio of above 2:1
- Showing signs of reversal due to bullish candle with a long wick.
- Will wait for price to break the next fib level (0.618) for confirmation that price will continue north.
- Will bring stop loss to break even when price reaches at least 90% of target...
Background geometry completed at Point-5 but posted an ectopic Point-5 as Point-5-prime (5'). As this adverse geometric excursion resolved, price continued to decline first via a complex series of corrective coiling, and of late into a sustained impulse.
The geometry is illustrating two distinct geomtric targets via its 1-4 Line. A rudimentary one is defined at...
At the beginning of the month, I wrote about a potential double top on the NZDCAD cross (in French : bit.ly). It's way too early to confirm, but the recent weakness in the NZD suggests that the kiwi dollar may continue to lose ground while the CAD benefits from the bounce in oil prices as well as the rise in inflation in Canada. There is a big risk ahead with the...
SCENARIO 1:
Last time we hit 0.960 was in March of 2014. The downside move had massive follow-through. However this time around we hit 0.960 and had little follow-through respecting the ascending trendline as support once again and price looks as if it wants to test 0.960 once more. A strong psychological level of 0.960 acting as resistance paired with the Dec....
Current Sentiment: Bullish
Pending Technical Score (PTS)
Direction with trend: +2
SnR Confluence: +2
Trendline Confluence: +2
127 Harmonic Confluence: 0
Total: 6/8
Place pending order.
I would love to hear your opinion, feel free to comment, agree or disagree....
A simple structure trade, nothing fancy, good risk to reward ratio.
Stops and Targets put in place according to the trading plan, waiting
to see how this one turns out.
Star Prosper
Philip Stewart
When DANV asked me to check for harmonics on his EW chart(linked below) , i found this. There are other patterns too. Short till completion of D leg. n then Log for 382 retracement. This could also be taken a simple channel based trade, once the PA has closed below the upper channel.
This pair has move on ABC zigzag from 2009 low to 2013 high in clearly defined channel. The zigzag appear to be completed and have now started the retracement of the entire move (see weekly chart)
In doing so first and second part of the zigzag to the down side are also complete and could be in very early stage of wave C to the downside that should develop in 5...
What's not to like?
Right now this pair is showing signs of a temporary pullback, a breach of the high and even handle at 0.91 would be of my liking for a long position.
The market might be waiting for news to resume its pace.
As usual, I'll expand in the comments section.
Good luck traders!
Potential Short on this pair.
Reasons for this:
- Triple Top
- Price Rejecting Daily Pivot
- "Hanging Man" + "Shooting Star" Candlestick Confluence
- Overbought Stochastic
- Price at "top" of range
This pair has basically been ranging in the daily chart since October. The RBNZ recently disappointed more hawkish investors after announcing interest rates would remain the same until at least the end of April. On top of that, the NZD is correlated to the commodity gold, the price of which has not gone up much the last month despite a full-blown currency crisis...
NZDCAD formed an inverse bearish pole flag on the daily time frame. I am also seeing that price is in the overbought zone and formed some sort of a bearish hidden divergence.
I will go short at this level and my TP will be @ 0.8795 ... Please note the yearly pivot at 0.8524 which can also be a target for long term.
I will not use a SL and will roll over the trade...
i looking to buy NZDCAD if able to break daily trend line or from dip .
4 hour chart now price hit first target and touch daily trend line .for 4 hour chart visit
this is why i looking buy from dip and buy zone area in 4 hour chart between 8840 and 8870
if see support good to buy and stop loss daily close below 8770 and first target 9235
and open to 9840 good...
English : There is two pattern perform with same target,
head and shouders pattern with break neckline condition, and ABCD gartley.
Bearish target from both of this pattern at same level at 0.8570
Pay more attention on resistance trendline, if neckline cannot break, and pattern failure, then bullish target will be at that area.
Indonesian : Terdapat dua pattern...
at this moment, downtrend power decreased. If bullih perform, ideal target at 0.8935 as resistance level and if this area break up, maximum target at 0.9115, otherwise if resistance level strong enough to hold uptrend movement, bearish may take control to 0.8700 as support level
Welcome to the first published idea with us, we are new to the Trading View community but we are not new to the Forex market!
This trade is just our basic trend trading strategy that we will teach on our new website www.PipsUniversity.com when it is launched within a few days, you can see we have a clear uptrend on the 4hr chart, price went all the way up to...
