Multiple confluent signals.
- Butterfly Advanced Pattern (not my favourite but it's an AB=CD pattern)
- 1,27 fib inversion
- 61,8 fib retracement
- Support (blue zone, look left for multiple times that price action react to that level.
- RSI oversold and divergence
This pair loves to move in 100s of pips, we will look to take the retracement around the 61.8 fib level, We are looking to catch around 500 pips minimum off this move. There is RSI divergence as well as measured moves suggesting this move to happen. If you see here, the measured move is at the end of its tether which means a retracement is soon to happen. This...
Following a recent swing down at the end of the last year, pair is now potentially forming a bullish bat pattern completing at 1.82725. If price comes down to this level then I will be looking for entry signal on lower time frame. When price is approaching this level RSI must be oversold and diverging to confirm buy signal. ATR based stops below the patterns...
Having closed above a previous strong support level of 1.8760 and seeing that stochastics on the 4 hour time frame are forming Divergence i am waiting for bullish candlestick formations at this level to go long up to the 1.8836 level to take profit. My stop level is 1.8730, although if Gbp/Nzd breaks and closes below the 1.8760 level with a bearish candlestick...
I explore what appears to be a head and shoulders pattern in GBPNZD on 2H time frame. No predictions, as usual. Some people are going long and others can go short.
The net quantitative assessment of GBP shifted from a 30 points to - 5 points. This shift showed that the current long state of the pair was short lived. Simultaneously NZD quant score shifted from 0 to 28 showing an increase in strength. After waiting for a candlestick confirmation entered the trade, and still waiting for the position to materialise. 25% of the...
After the most recent failed morning star candle formation with more sellers in the markets at this particular zone were looking to sell this market. We have had a double top, a failed reversal candle formation, we also have the RSI divergence suggesting the weakness in the markets. Orders are set and we look to see where this one takes us. Initial targets are at...
Pair is forming bearish cypher . I ll be looking for entry signals around this area on lower time frame. RSI should be overbought and diverging to confirm sell signal. ATR based stops above cypher starting point X.
Monitoring this pair at the moment on my watchlist. we have had price retrace from the 50% region. however price looks to be retracing back up..
I will ONLY take a short position when price breaks this inner trend line for valid confirmation where we might have a small right shoulder and drop further to the -127% levels around the 184000.
HOWEVER if we do not...
on the 4hr chart I noticed a really nicely formed head and shoulders pattern come up which than turned into a newly formed support zone inline with the fib retracement of 0.618 so I can safely assume price will hold this support zone and go straight up.
Looking at the pair with Elliot Wave Theory and Supply and Demand, I see Long term buy potential for this pair. Its currently at a resistance level and I would like to see a nice break through that level and look for price action to give confluence of its buy. It looks like we are currently in a Y wave and I would expect price to continue going up to take the...
Long on this pair. Price on the daily made an impulsive bullish move and then printing two inside day candles which manifests as a triangle on the 4-hour.
S&R
1 of 2 Ways ... My bets on the last resistance has turned into support, so we should be seeing a long opportunity here to the next resistance zone.
Looking for some longs on this pair. Seeing some nice rejection and market structure is indicating a bullish market still. Looking to hold this pair for the 100 pip range it can fill.
The British Pound vs. the New Zealand Dollar cross is one of the most volatile one among GBP pairs. The New Zealand Dollar is often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. But on the hand, the British Pound is one of the premier reserve currencies and represents the world's largest financial center.
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