Nzdjpy has completed a rising wedge pattern, the price broke the trendline and is going to drop for more than 400 pips during next weeks. The volumes are decreasing, it means that smart money are going out of the market and buy orders have been closed, if you look at the momentum oscillator (10-day ) you can notice a divergence, the same for rsi ( I did not show...
Price rejected down trend line and we have 2 strong bear candles. Good confirmations of movement to the downside with RSI in strong sell zone. 1. Daily down trend line resistance held and rejected price. 2. Up trend line broken down and backside tested. 3. RSI in sell zone. 4. Strong bear daily candlesticks. This pair has already net us 80 pips but still lots of...
See past ideas, been taking profits on this pair on big upside and downside movements the past few months. We are now approaching the right tip of King's Crown. Look to enter at 1.7850 area OR wait for daily close under 1.7850 after reaching it. TP @ 1.7465 area Good luck trading! Let me know how I can help. Charles V www.cvfxmanagement.com Trading made Simple
Mid-term Forecast: Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.6791). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in an uptrend and the beginning of downtrend is expected. . The price is above the 21-Day WEMA...
NZDUSD reached a daily resistance level with confluence trendline, broke down minor support and looking to short, RR 1:2.5
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6614). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
After been on a mini bullrun since March 2020 we are now about to see some good retracement on this pair, at least a 61.8 which would align with the formation of an inverted right shoulder on the daily/weekly timeframe. Stops are 60pips for an overall target of 400+pips, first take profit is the support at 38.2 (0.6400) for a 200 pip target
Trading suggestion: . There is a possibility of temporary retracement to suggested resistance line (0.6671). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested resistance line (0.6671). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.664. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6675. TP4: R2=0.6705. Set the stoploss of these orders at breakout of S2=0.663. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6735. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6785. TP4: R2=0.68. Set the stoploss of these orders at breakout of S2=0.6715. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.686. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.682. TP4: S2=0.6805. Set the stoploss of these orders at breakout of R2=0.687. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.67. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.675. TP4: R2=0.6785. Set the stoploss of these orders at breakout of S2=0.6685. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.67. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.675. TP4: R2=0.6785. Set the stoploss of these orders at breakout of S2=0.6685. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6705. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6755. TP4: R2=0.6785. Set the stoploss of these orders at breakout of S2=0.6685. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6705. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6755. TP4: R2=0.6785. Set the stoploss of these orders at breakout of S2=0.6685. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.68. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.6755. TP4: S2=0.6725. Set the stoploss of these orders at breakout of R2=0.6815. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...