We are expecting this pair to give us small correction here next week and move up, if in case it keep moving down we will stay away and look for trades in other pairs. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart...
We are expecting this pair to give us correction here next week and move up, if in case it keep moving down we will stay away and look for trades in other pairs. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns...
Trend is your Friend! 1. One Touch, Two Touch and Three Touches complete a trend. 2. EMA Acting as Dynamic Support 3. Market has entered an area of sensitivity @ 0.61000 also know as a psychological level where institutions place orders and take profit 4. Waiting for 3 four hour candles to show signs of rejection to place Buy...
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SELL @63.723 STOP @66.097 TAKE PROFIT @57.812 TRAIL @64.910
BUY @0.58299 STOP @0.58299 (45 PIPS) TAKE PROFIT @0.59302 TRAIL @0.58073
NZDCHF has been testing the current resistance of 0.59075 level in its strong upward move. It has already touched this resistance level FOUR TIMES! Yes, you read it right, four times! As can be seen in the chart, NZDCHF really seems determined to continue it's upward move. I expect the uptrend to continue, and for NZDCHF to touch the next resistance level of...
Upward movement from strong support of 0.5775 levels seen, with expected TP levels around 0.5800 where there is some good bit of resistance. For now, I expect NZDCHF to make an upward move to 0.5800 levels in the short term, as can be seen in the chart above.
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Buying at market price 0.65437 with # SL below the pin bar @ 0.65108 and # TP at previous swing high @ 0.66148 You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. Happy trading :)
# Resistance level reached # Bearish engulfing completed # Trading back down to support Shorted @ market price 0.65750 # SL above bearish engulfing @ 0.66105 # TP lower @ previous lows 0.65308 To learn the dynamics behind the analysis, please join my mailing list using the link below zc.vg As usual don't bet the farm. Good risk management won't kill you but...