NZD/USD remains bearish from my point of view. Recent uptrend line is broken. Prices have retested trendline once but failed to breakthrough. Sell on the breakout of the current consolidation. Give a like if you agree with my post (:
- Weakish resistance - Target around $3 - Space for additional consolidation before breakout
The pair now sits trades in a sideways range and a triangle structure has formed around price action. We now await a break of the triangle or clear indication of a break to determine our next trade. I suspect a break to the downside is the more likely outcome given the massive pressure on sterling due to the Brexit opposition now featuring prominent members of...
Here on the 4h chart we have: 1) a nice heads and shoulders set up with neckline below the trendline. 2) a good 61.8% retracement Took a short on this pair at 0.6660, still awaiting for prices to close below trendline for further shorts. TP at neckline. Lets hope this one plays out fine. Goodluck to everyone (:
The pair now waits for a break out of the channel. Price action above 1.11000 suggests the upside is in view. Patience will be key here as the pair decides which direction it favours next, waiting on a strong signal candle on a 4HR view is advised upon entering on a break of the channel.
Overall bias is Bearish -Firstly we have bounced of key level of 1.7000 -we have broke trend line based off 4 hour time frame -We had a small retest -I do believe we will break previous lows -Previous four hour candle was a bearish hammer -A lot of wicks to the upside Off the daily -We can see huge wicks to the upside on the Ket level -Yesterdays candle...
GET READY FOR A DROP -clear break of trend line -re test of trend line -Bearish engulfing of trend line to confirm strong area of RES -Also confirms momentum
This is a typical support/resistance setup. Buy at $7.23, with profit target of $8.00. High risk with $6.80 stoploss. Short immediately if price breaks $6.80 stoploss.
Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is...
I have my own trading system depending on only numbers and dependin on my system it said short. I only want to publish here to track my records and share with the public.
Reasons For -We are now down trending on the 4 hour chart -We always want to trade in the direction of the trend -We are making lower lows and lower highs -We are trading below key level at 1.4000 Which we broke with a strong downside move -If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level -Sign of retrace...
The price pressure channel support and I hope the 3D pattern continues and complete bearish pattern on D1 chart. Waiting for bullish divergence for an enter setup, keeping in mind that the price could go more down following Wolf wave pattern (In that case, I’ll consider the pair as bearish).