Nzdusd - Daily timeframe - Pullback due for this pair, expecting a sharp decline into the nearest fresh demand zone. great risk to reward on this trade
Sitting perfectly in an important zone which can be seen clearly on the 4hr and daily charts. I will be sitting and waiting for this pair to breakout to the upside and potentially reach 0.7550 area. One to watch for now and sitting inside the watchlist, maybe a clear break of the 4hr trend line could be enough...
NzdUsd - H4 I prefer shorts on current levels due to technicals and market sentiment which favours a stronger dollar at current levels. Major trend is still down for dollar so this would be considered a counter-trend trade
At the moment we have NZDUSD following a nice bullish channel, it has broken the daily trendline (dotted) however rejected a resistance level of 0.68961. I will now be watching to see whether it continues to follow the bullish channel upwards if it falls to the trendline and rejects. If it does reject the trendline and remain bullish I can see it then breaking the...
Hi guys,
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...
Hey guys,
on this pair we are in a downtrend on the 4hr chart. When this happens i start to look for trading opportunities into structure levels that may provide some resistance for a trend continuation trade. As you can see price is now coming back to the previous 4h structure resistance (black line) and right there there are two different harmonic patterns...
Hey guys,
today i want to share with you a simple pattern formation that occurs very often in the market that's very effective. It's the double top; it happens whenever price action fails in making new highs in a bullish market. This could be the first sign of a reverse and draws traders to the market.
Here on NZDUSD we are in a long bullish trend and price...
Hey guys,
not much on my radar today (except the winning trade on USDJPY). Nonetheless i've found something valuable to share with you.
It's a trading opportunity on NZDUSD that starts from the higher timeframe. On the daily we are at the completion point of a Cypher pattern; at the same level we can notice also structure (black line). That's why i began to look...
Hey guys,
today i want to share a traditional structure based trade that's on my watchlist today. On the left hand side of the chart you can see on NZDUSD we are fronting a key resistance level that may stop price action's rally. If you follow me for a while you know i'm a conservative trader and that i need additional reasons for entry in order to set my orders....
Hey traders,
after banking some pips during the night (see the trade attached) i want to share with you another pattern; this time it is a Bat pattern (that usually gives us a better risk to reward ratio) and it's right at a structure level that may turn into resistance for a bounce off of it.
Stops above X, targets as in the chart.
If you have any doubt, don't...
Hi guys,
here on NZDUSD we have broken to the upside the last important structure level, the next one is far away and in cases like this we want to hop on the trend to ride price till the next level.
Usually when we have no structure looking left, price goes very fast, and we have to watch even lower timeframe like 15m and 5m.
In 15m we have a nice Bat formation...
Hi guys,
another analysis today: i wrote all my clues of this trading opportunity on the chart above. So just look there.
I want to emphasize my last clue, structure. Without it i do not even consider the possibility of entering the market.
Stops 1atr above double top's highest high. First target at 1:1 RR, second along with structure.
Let's see.
If you have any...
$NZDUSD has completed it's H&S. Mirror fractal of left shoulder to head suggests an eventual return to baseline (0.67) but back to 0.73 first. So the immediate swing trade is a long.
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