Im bearish on this trade but waiting for confirmation
Looking for this trendline to hold firm. The fact that this is also a tough area that has seen price push past it only once is also good evidence
The neckline to the double top pattern at 0.74 has once again come out on the winning side, the confluence of the daily up sloping channel and a descending one. The formation of a daily shooting star adds proximity to a hurdle. With the weekly RSI closing in on resistance, upside is likely to remain capped. In the short term a correction towards 0.7060 of the...
There is a uptrend. Set Entry level - 0.72938, TP - 0.7323, SL - 0.72638
I want to see market price pull up to the resistance at the .7255 zone/50ema as well as momentum and macd to pull up to their resistance points. When all three have pulled up I will look to take a short targeting new lows at the .7160 zone
Morning guys, Weekend is almost over and I will be enjoying the last few hours before the markets opens and another action packed week begins. Recent rallies have been quickly sold implying NZD cannot remain at these higher levels against the dollar. November confirmed the negative momentum and after yesterdays rate further enhancing the negative outlook for...
Morning Traders, The recent upward spike was quickly and decisively reversed, once again providing strong evidence of N.U's inability to maintain rallies above .730 Targets 0.66650/0.6700 Best of luck and congratulations to our premium members who have made the most of recent fx volatility. Thanks and thumbs up if you found this helpful!
Evening guys, Recent rallies have been quickly sold implying NZD cannot remain at these higher levels against the dollar. November confirmed the negative momentum and after yesterdays rate further enhancing the negative outlook for weeks to come. I have attached the previous nzdusd chart for comparison purposes, all the best with this position into the new...
A quick draw up of the most obvious Magic-T's, it's clear that NZDUSD it heading towards a consolidation. Notice the high volume, starting 2016-11-08, now been sinking for a while. Building up cash to the next event starting soon at current price. I'm leaning towards a short, depending on the fed news tomorrow, (whether we get a rate rike or not). For me it looks...
Waiting for the completion of this Bullish Bat Entry: 0.7084 SL: 0.7041 (-42) TP1: 0.7136 (+52) TP2: 0.7169(+85)