Technical Analysis
Entry Reasons
Breakout of daily trendline and retest of 1hr resistance now turned support
Double bottom reversal pattern on the daily timeframe
Reversal confirmation on the retest of the previous resistance turned support on the 1hr timeframe
(green hammer candlestick)
Change in trend on the 1hr timeframe (previous lower high was...
for buy entry we should wait for to break this point properly
after that we will money management is your choice
but my advice is not more that 0.50 percent of your capital in one trade
Happy trading
GBP/NZD has created a nice head and shoulder pattern on the daily timeframe. to complete this pattern we will be looking for the entry on a 4h timeframe and taking a short with at least 1-3Risk to Reward. Take profit will be at 1.87520. Remember to not just jump into a trade. Use a strategy that has been proven to be profitable and ALWAYS use risk management.
GBP/NZD has just approached a strong support area from which we can definitely expect the market to react from. If we will get a retracement to at least the 0.382 of the Fib taken on the impulse we can be monitoring this pair from a 4h perspective and wait for the market to shift back to a bearish market. If all our rules are then satisfied we will be taking a...
This daily chart shows more of what the 2hr don’t as there we see failures with highs and quick bearish responses but here we see another story this is why I said you have to be patient. And give the time market to fight. Now here it looks good for gu but we hadn’t seen how Nzd will respond so until we get both action and reaction we don’t act off of the action...
This been one of the more challenging pair last year
As I was in the breakout and waited a few weeks for it did a post on it and it sold all went well but I’d left when I’d notice price went backing into a range a few days candles lower, just so happen I was doing a daily check up and caught it.
And I’m glad I did that range turnt unto 11 weeks
With both side...
