DAILY DOUBLE TOP FORMATION AND WAITING TO BREAK WEEKLY SUPPORT
Buy above 0.6985. Stop loss at 0.6934. Take profit at 0.7092. Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area once again and is on track to our profit target. We remain bullish above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to 0.7092 resistance (Fibonacci extension,...
Hi traders!I hold a point:Good charts does not need more words to explain! Good luck!
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
I hold a point:Good charts does not more words to explain! Good luck!
Resistance cabe found near the 0.7210 region and this zone play a role as my SND as well. Any chances that the market come to the blue box region, I would short with a stop near 0.7240. If the market close higher that 0.7240 with a strong upward shaved bar, my MT Bearish Bias would be negated.
Sell below 0.7240. Stop loss at 0.7285. Take profit at 0.7176. Reason for the trading strategy (technically): Price shot up and reached our profit target perfectly from yesterday. We now turn bearish below 0.7240 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop to 0.7176 support (Fibonacci retracement, horizontal...
Hi,traders,I hold a point:Good charts does not more words to explain! Good luck TP2-0.71
AS YOU CAN SEE THE SAME SCENARIO IS REPEATING AND I AM THINKING IT WILL DO THE SAME THING AGAIN SO I AM PUTTING MY TP ON THE RESISTANCE ZONE @0.68800
Hello Traders ! Hope you are well, NZDUSD stuck under monthly channel. Along with support and Stoch over sold position gives a good picture to buy at current price thanks.
Talking Point: Technical Strategy: Bearish Elliottwave View: Bear count confirmed Analysis From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel. From last analysis and trade signal on which we earned +138 pips from shorting...
Shorting based on broken trendline, the trendline is being tested as I write this. Am expecting some consolidation in the consolidation box and a rally to the downside.
IF IT BREAKS OUT ... SELL ORDER @0.70500 TP@0.69600
A potential Head & Shoulders Pattern appeared. If the price breaks the support zone near 0.70xx, look for any pullback to short this pair. It will be a high risk to reward ratio pair of 1:3! Remember to trade with proper risk management.
little bit confuse with this trade but according to price action is has to go up . Let see now . I am taking a long position with little margin so I personally advice you to use little margin Thanks