ITS A SHORT TRADE BUT LETS SEE HOW IT GOES. AFTER IT HIT OUR TARGET WE MIGHT SEE A STRONG BEARISH MOVEMENT TOWARDS MY EXTENDED FIBONACCI AREA..
Hi Everyone. Watching this pair since too long and I think it's a good time to buy NZDUSD now. No more explanation needed because if you look Thoroughly into the chart , you will get your all answers thanks
We've got a completed H&S pattern on the daily timeframe, perfectly in line with a major resistance at 0.73370 - we short for a potential 340 pips profit. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits....
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
NZDUSD failed to reach the expected levels of 0.74 and bounced of a major resistance level. We have the opportunity to short from here with the possibility of a 300 pip trade for the longer term. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves...
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,...
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...