Potentially a beautiful long term trade. Will be entering with low amount risked and will add to positions as it goes.
Respected the trend line multiple times. Will be holding this for at least a few months. Patience pays off.
Any feedback or criticism is welcome. Thanks
-TK
reversals across the channel
signaling bullish trend
open 3 positions, take profit on each fib levels. However, keep track of the trade as there maybe chances of reversal on 38% fib level.
update your stop loss according to the trade, keeping stop loss close to 40 pips below the ongoing rate
Somehow tagged in last night. Correctional to previous daily lows. Ascending within ascending. Likely to come down to create double bottom/ more clear ascending with possibly a tighter stop/ better r/r. Lesson = patience.
Hello Traders!
Here we have the NZD looking to short! the 3 arrows mean that we went into the buyers territory but failed to hold out for another HH! all indications are withe the sellers to the arrows are our targets!
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Trade Away!
1. This seems to look like a high probability trade due to higher time frame support where the potential reversal zone is. However, it's against the trend at the end of the day so take this with caution.
2. Take profit areas were calculated using a combination of support and resistance along with .618% fibs at various wave points.
3. If you want a stop loss ...
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
AUD/NZD intraday: the downside prevails as long as 1.0850 is resistance
Our pivot point stands at 1.0850.
Our preference: the downside prevails as long as 1.0850 is resistance.
Alternative scenario: above 1.0850, look for 1.0870 and 1.0890.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration ...
E7 STRUCTURE
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
The two Australasian currencies are represented in the Australian Dollar vs. the New Zealand Dollar pair. High Rollover rates and like geographical locations cause them to often trade alike against other currencies. Because of this the pair is not extremely affected by global factors or trends but instead reacts more to changes in the local economies.
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