Looking to go long if this the current 4 hour candle can finish bullish..
if it doesn't happen will look for a different candle stick set up but will have to be at the same level to complete the inverted H&S pattern.
Any questions feel free to ask
Ben
#PipGainFX
After looking bearish for a while on this pair, we have seen a higher low and a break of previous resistance on the higher time frames.
dropping down to the 60 min, we can see this recent bull flag pattern with a false break to the downside followed by a 3 bar reversal candlestick pattern.
Although we have to break above the 7 flat number, this is still a good...
Counter trend pullback in to the broken bearish TL and support zone.
Inverse right shoulder to form at 0.62500 and then go long to new highs at 0.64200
All positions and orders are marked on the chart.
Trade war truce has come to carry you home?!
Swing-Lo, Sell Kiwi, China-Us talks will carry you home.
NZD and AUD have thrived in the past weeks on a weak dollar and more business with China, now the Big-Bully is back!! And he wants a big chunk of the cake....or else!!!
The S&P 500 got some ticks on Friday night at trade closure due to that Trump-Xi deal...
Completed head and shoulders pattern formation on NZDUSD .
There is a high chance to see bullish continuation to higher levels of structure.
Now we are waiting for a bullish breakout of a neckline to buy the pair.
Target levels are based on structure:
T1 - 0.6380
T2 - 0.6335
Please, support idea with like. Thank you!)
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.627.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.631.
TP4: R2=0.6335.
Set the stoploss of these orders at breakout of S2=0.626.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
- As we can see a clear Inverted Head and Shoulders pattern forming at a Key support level
-Also have a break of a descending wedge which would signal bullish bias
-Will be waiting for price to retest the neckline/outside of descending wedge followed by a bullish candlestick formation for entry
NZD/USD FOR LONG POSITION
IT HAS BROKEN ITS TREND-LINE EVEN THOUGH IT TAKES OUT FIRST DEMAND ZONE. FOR HAVING POTENTIAL IMBALANCE WE MUST HAVE THESE TWO CONDITION.
TAKE YOUR POSITION FOR LONG.
This pair is the New Zealand Dollar vs. the U.S. Dollar. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird. In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world.
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