NZD/USD has recently moved higher in a strong uptrend and for the past few days/weeks has been consolidating in what could be the first pullback on the higher timeframe. Diagram shows the 4 hour time frame and shows price has bounced twice in the past off of a support zone (purple box). Current price action has just formed a Pinbar on the one hour (my entry time...
I am looking for buys on this pair.
Firstly I am looking for it to come back test the 50% Retracement level with it to test the 4hr trendline as well!. X marks the spot!
Also I wont enter on a candle that is still open I be looking to enter on a close for a bullish hammer or a reversal candlestick to have a better entry with better RR 1:9
As predicted on my last USD/CAD post i said there would be a pullback on the resistance line back to the trend line where me and my client did a sell which led us over 50+ pips of profit which then I predicted after the pullback on USD/CAD it would then rise due to it retracing of the trend line back into its original uptrend which i sent out a buy signal and once...
A Pullback is bound to happen due to USD/CAD bouncing of resistance and due previous pullbacks occurring it has made a clear trend line for where to put a take profit which then when take profit is hit it would then cause a re continuation of the trend going upwards which would lead to me then placing a buy✅
This is a semi long term trade.
Take Profit @...
Here is an update from my EURUSD mark-up. Placed the short position to show you the movement made from the zone of consolidation at the start of the week. I was expecting a pull-back around 1.078000 region but I can see it has broken through this. I am still expecting a pull-back but it's just trying to find the right position and signals to indicate the bullish...
My previous analysis on this pair was for a short trade. Unfortunately I missed the trade, however was pleased to see my analysis was correct.
I still see further downside potential on GA. I am now hoping for a pullback to the trendline which lines up with the resistance area and in the 50MA region.
If we get this, I am looking for a longer term trade.
HERE WE HAVE A FOLLOW UP FROM THE PREVIOUS ANALYSIS POSTED TODAY ON THIS PAIR. EXACTLY THE SAME AS THE GBPJPY ANALYSIS JUST POSTED. HISTORY HAS A CHANCE OF REPEATING ITSELF. GOOD OPPORTUNITY FOR LONGS TO BE TAKEN WITH A GOOD RISK/REWARD RATIO.
I HAVE NOW LAUNCHED A FREE TELEGRAM CHANNEL FOR MARKET INSIGHT AND TRADES THAT I TAKE. IF YOU WOULD LIKE TO JOIN PLEASE...
This time I analyse Oil. I have been monitoring this pair and looking to last Weekly candle close with big bearish momentum. Go down to H4, price looks like making a pattern and for me its in the middle of reversal pattern. It makes sense as Oil needs a pullback before continuation to the downside. Pullback is a part of correction, so it will probably...
The main idea behind this is to use all probabilities we can to get a likely win
- The uptrend is apparent
- There has been a pullback
- The pullback is slowing and at the trendline
We then aim for a decent risk to reward of 3, or above 2 if 3 seems over ambitious.