NZDJPY has shown great bearish momentum and currently retraced into a continuation pattern. We may see price continue to our take profit level.
Stop loss - Red price level
Take profit - Green price level
Remember you must manage risk, only risk 1% or 2% depending on your risk tolerance. There is no such thing as a guaranteed win in trading. What you have is...
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.
Possible short for NZDUSD. Price has remained within the boundaries of the parallel trend line channel and has recently hit the trend line channel resistance indicating that the price could be heading down. Price has also been moving below both the 200 EMA and the 50 EMA also indicating a short bias. Keep an eye out for updates. OANDA:NZDUSD
Possible long for NZDUSD. Price has remained beneath both the 200 EMA and the 50 EMA indicating a strong short bias. Price has also been following a parallel trend for the past couple of weeks and has recently hit the trend line channel resistance, also indicating a short bias. Price has also been recently rejected by a local resistance line. FX:NZDUSD
NZDUSD was travelling in a wedges for a rather long time , until recently price broke out to the downside, it formed a descending channel on its way down. Price recently hit the bottom of the channel and has been making its way to the top, We believe price will make its way up to the 0.618 but we have sell limit orders at the support zone in-between the 0.5 -0.618...
Here we have a simple trading idea. NZDUSD has been following a nice descending channel for a while now on the 4h chart. Price has respected the channel throughout and just touched the upside bar and I'm expecting it to come down and touch the lower descending bar. The channel is about to finish in a few days time. Once finished I'm hoping to go long...
Price has been travelling in a pennant and inside it price was travelling also in an ascending channel. Price has however broke out of both of these structures to the downside and has now come back up to retest the pennant indicating a big short trade coming up. While breaking out price has also formed a descending channel marked out in black, we just saw the...
As you can most likely see, price has been travelling in a blue triangle and also inside an ascending channel.
Price reached the top of the triangle and therefore we SOLD,SIMPLE!
TARGETS 1 & 2 ARE MARKED OUT BY PURPLE LINES
TARGET 3 SHORT POSITION