Price is currently moving in an ascending channel. Looking forward for this pattern to hold.
I'll be considering
A Risk entry type at the top of the structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by...
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...
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...
traders, i hope you are all ready for this week of firework - i will be continuing to look at carry trades as we expect some reallocation to the kiwi as investors re-consider the RNBZ outlook. Moreover while futures point toward further upside in this weeks milk auction
as many of you have seen my related idea which will be the long up til .75x levels (see...
the chances of further rnbz easing this year are over priced 100%, net longs on the kiwi are still light and the carry friendly global environment favours carry trades at interesting entry
gl
Perfect Bat pattern on weekly chart with engulfing candle formation to confirm short entry.
Conservative TP set to 38.1% Fib retracement
TP2 target set to 68.1% Fib
GL guys....
Likes, comments and shares are much appreciated, thanks for all the support you've given me over the past few months and glad that everyone had a lovely week back with me on gbp/usd.
www.tradingsignalreviews.com
Morning chaps....
Long term view on nzdusd moving forward, if this channel and .236 fib is broken earlier than expected, no-brainer to be short till .62636
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