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There is a sell gartley pattern on the 4hr NZDUSD timeframe.
Stops can be placed around 0.693-0.695.
This is not a buy/sell call. For educational purposes only.
Fundamentals:- We had a crack at this one last week but it ended up just consolidating. This week we are looking to the NZ financial stability report and the NFP to bring in some much needed volatility to get this currency pair moving. Looking at the macro prudential tools that the RBNZ use to base there report I can see that the economy is static or drifting off ...
I'm in this down to the demand zone and psychological level of .7200 - Gets busy later on with US news so will be watching closely.
here we are on the hourly chart on NZDUSD. As you might imagine, i'm looking to short this market at the blue line, because i think we could be heading lower in the nearest future. The yellow box on the background signals a resistance area of the daily timeframe and here i went down on a lower timeframe to seek for sell signals: in this case you can see ...
if you want to find out why am i looking to short this market, you can go ahead and watch my weekly videoanalysis (by clicking the link down below). Basically we see price is being rejected at a key structure zone and therefore we can utilize this technique in order to catch a bigger move toward the daily lows (second target).
If you have ...
i'm not taking this trade for correlation-reasons but for educational purpose i think it represents a nice opportunity of a structure trade. You can see price has now reached a key structure point on the daily chart, and while testing this zone it has created a double bottom with RSI divergence on lower timeframes (1h). Given the overall analysis it ...
i'm paying attention to NZDUSD this morning since it presents a good opportunity to short with the proper signal. Price is up to retest a daily structure level and is finding some troubles breaking through. The Rsi divergence also confirms our view: as we go down on lower timeframes such as 4h you can see the recent upmove tried to break the recent highs ...
here on the chart you can see 15m timeframe on NZDUSD. This Gartley lines up pretty well with a former structure level that could act as resistance now. Therefore, the likelihood of this trade is increased by that. Stops above X, targets as usual for harmonics.
If you have questions, or if you want to share your view, feel free to comment ...
this is a trend continuation trade: you can tell this simply by looking at the last price moves. The recent downward movement created a new low in the 4H chart, so we are now setting our mindset in bearish condition for we'd want to hop on the trend as soon as price gives us the opportunity to do so. In this case price has created a double top on the ...
NZD/USD IS displaying a large head and shoulders pattern on the daily chart. This trade at the moment is presenting an excellent risk reward of 1:4.5 should the market retrace slightly back to structure after selling off at the end of Friday. if market does not retrace and continues lower a strong 4 hour close below 0.70005 will also present an opportunity with ...