Price is showing bearish momentum with bearish divergence is evident. We may see price break lower.
Stop loss - Red line
Take profit - Green line
1% Risk
Take profit level will be adjusted to how price reacts and moves.
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As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6555.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6595.
TP4: R2=0.661.
Set the stoploss of these orders at breakout of S2=0.6545.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
From a daily view, this pair appears bullish. We can see price respect support and move bullish on the 4hr , at the moment price is what i would see as a pullback and there is potential for price to go long again at the marked grey line.
entry - grey line
stop loss - red line
take profit - green line
risk exposure - 1%
risk to reward 1:2
I will be doing a...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6555.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.661.
TP4: R2=0.664.
Set the stoploss of these orders at breakout of S2=0.6545.
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=0.6525.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.656.
TP4: R2=0.658.
Set the stoploss of these orders at breakout of S2=0.6515.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Morning traders
Another start to the week. Monday 17th of June lets go.
Following a very successful short on Gold on Friday from 1354 down to current market at 1333 for our team we are looking for our next winning trade.
Today we are taking a look at a bullish setup on New Zealand dollar versus US dollar following the formation of a Tweezer Bottom candle...
Price is at a resistance zone. We can see that pricer broke out after a downtrend. Retest it and will now go back up. Buyers are now entering the market!
Looking for a break of this current weak zone that price is within. This zone may make price stall for a short period of time giving traders false hope of a reversal and induce them to buy early. Expect price to drop down to our last demand zone giving us higher odds.
Take part in forex discussions by joining our telegram group chat;...
NzdUsd has put a decent impulse in bouncing off minor support, we can possibly see relief to the killzone in which I would be looking for a retest of the lows and even a continuation lower. Potential head and shoulders on the 5 min currently so can see that relief as more likely.
NZDUSD is looking to make a Higher Low before making a continuation. I will be looking for a reversal pattern to form around the 78.6-61.8 fibs to open up another Long Position
Evening traders,
Havent looked at this one in a while, but it looks like the pairing could be due to revert back up to the bearish side.
Wait for conformation on 4 , 1 hour & 30 min to ensure bullish confirmation then enjoy!
(let me know your results)
We have seen price show continuous bearish momentum on this pair. Price reached a critical point of support before it started it's bullish ascend. i will be looking for price to pullback around the price level where it currently is and retrace at least potentially 50% of the bullish move before price continues to move bullish . I will looking out for bullish...
After the last successful long trade on NZDUSD, I am now looking for price to pullback down to make a 2nd higher low where I can go long again.
Bearish trendline now broken, 4hr trend is confirmed as reversed and now bullish.
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