The Kiwi (NZD/USD) has just reversed off a key support level to climb higher. Bullish momentum could carry it towards the Fibonacci retracement at 38.2%.
Buy entry is at market (0.5899).
Stop loss is at 0.5849 which is a level that lies underneath a pullback support.
Take profit is at 0.5953 which is a pullback resistance that aligns with the 38.2% Fibonacci...
Woke up to price that is retesting weekly zones signaling reversals.
On the DXY we have a bearish OB on the monthly chart combined with a daily setup. I am waiting for entry confirmation once price breaks the current uptrend market structure.
On NZDUSD, I have price that is testing a weekly support zone combined with a 3 drive pattern and monthly confirmation...
AUD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/CHF Short
Minimum entry...
Weekly Market Wrap With Gary Thomson: FTSE, NZD/USD, USD, USD/JPY
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
FTSE 100's Holy Grail of 8,000 Continues to Be a Pipe Dream
NZD/USD Rate Increases...
The Kiwi (NZD/USD) could fall towards a potential breakout level and drop lower from here.
Sell entry is at 0.5965 which is a potential breakout level ( wait for the 1-hr candle to close below 0.5965 for confirmation ).
Stop loss is at 0.6006 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance.
Take profit is at...
Hey Traders,
Technical Analysis is really the art of identifying probability within any market. Seeing where traders have acted previously and using it as a machine to calculate the kind of odds you have.
Reactive price areas, not points, are usually places where orders have gone in and out and therefore can be identified as probable/improbable based on their...
Disclaimer: Trading the financial market carries huge risk, my contents and materials are based on my own personal experience I have had in trading. you could potentially lose all your money. so do not blame me for any financial losses. apply proper risk management.
NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...
- Structure was broken on the upside confirming the Bullish trend.
- Green candles crossed above both EMAs (50 and 200). Bullish conditions met.
- MOM facing up and above the 0 line. Bullish conditions met.
- STOCH facing up and above 50. Bullish conditions met.
NZDUSD is still very bearish and I believe it will continue to sell.
- The candles are still below both of the EMAs. Bearish conditions are still met.
- The MOM is still negative and below 0. Bearish conditions are still met.
- The STOCH is below 50, facing down and the orange line is above the blue line. Bearish conditions are still met.
Potential trade...
Hey Rich Friends,
This was such a great trade set-up but unfortunately, I was stopped out by 3 pips before it continued to sell! Happy for anyone who re-entered or is still in this trade! You win some and you lose some. On to the next trade :)
Peace and Profits, Cha
Hey Rich Friends,
I am happy to say that after 4 days, this trade has finally hit TP 1 and it looks like it will be moving to TP 2. A classic case of HOLD DON'T FOLD.
I used the same strategy I always use in all of my videos with a little bit of supply and demand in the mix.
I hope you guys were able to secure some profits from this trade idea even though it...
Title: AUDUSD Current Market Movements: Analyzing Trends and Insights
Description:
Welcome to our latest analysis focusing on the current market movements of AUDUSD! In this video, we delve into the intricate dynamics of the exchange rate between the Australian Dollar (AUD) and the US Dollar (USD). Whether you're a seasoned forex trader, an investor, or simply...
GBP/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
The Kiwi (NZD/USD) is trading close to a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.60181 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 0.59750 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take...
