week to week is down and this week I am just loking for a retracement from a downflow and look to get into short. I have a day line chart resistance and will be looking for a divergence setup to go short. I hope price continues to trend as per last 10 weeks. A small divergence is observed but the price peak is rather flat at the moment.
NZDCAD at important level . and after divergence on daily chart and possibility that the Gartley Pattern. Iam with bullish trend now and first target now 9114 above 9180 next 9236 and 9280 then faces bearish trend line . break 9000 target will be 8940 below will be 8830 . --------------------------------- www.facebook.com freefx1.blogspot.com www.targetforexsignals.com
According to RSI extreme oversold condition and bullish gartley completion, PA might bounce at this levels, good structure support.
I placed a buy limit this morning after price plunged in the Asian Session. From past experiences, this setups a pre condition to create a hammer for subsequent mean reversion trade. However, this time I am trying to even lower my long entry, complying to the axiom of " Buy Low Sell High" as best as I can. I look for confluences of support, namely d1 line chart...
Price broke down from a consolidation zone and closed as a complete bearish bar. Waiting for retrace into the zone which price fell heavily from to go short. Potential Target TP above the blue rectangle, a demand zone.
NADCAD I am with bullish now . I expect the two movements now. price back to 9230 then bullish to 9350 above 9400. or break 9390 with same target . invalidation bullish below 9190. --------------------------------------------------- www.facebook.com freefx1.blogspot.com www.targetforexsignals.com
Idea is based on a combination of Elliot Wave theory, Median Line Analysis, and Fibonacci extensions. The rationale behind this technical analysis is shown on the chart with specific target/ stop loss. If you are about to copy this setup please do so at your own risk. Good luck
NZDCAD had a nice rebound in this channel - going back one year. A pullback is due here. The momentum for the quarter and the year is still positive. Observing price for now specifically if price continues to obey the slope to the upside.
Friday candle is a shooting star, but closed over Tekan at 0,9270. The Lagging Span was rejected by the SSA, the lower part of the cloud. Might be, before Wednesday, price will test the weekly Kijun between 0,9157 and 0,9115. After Wednesday, much will depend on the decision on interest rates: 3% or 3,25%? Any case, short term my sentiment is bearish.
Price seems to be following this dark red Schiff down fork. The NZD has been very weak of late, while the CAD - contrary to what was observed not so long ago, but in March this year - has been very strong. It may continue down to the level of 0.91 or even lower. Is 0.90 going to be tested? I don't know, but if this trend accelerates, it's possible as...
After completing the ABCD, PA created a descending channel. Slightly above the 93 handle PA broke out of the channel nearing a bullish gartley completion @9269. Will NC turn bullish or maybe cont. lower to 61.8fib ret. @9212? A bullish bat is waiting @913
We just completed a AB=CD pattern within 1 pip variation. Also, we just completed a bullish shark. I am using a 1.27 extension of OX because I think this is a lot more accurate versus a 1.13. Let's see if we hold
Completion at top TL of descending channel, good res. at structure with RSI over bought and 127.2 ext. of recent high.