Hfxtrader10

Hfxtrader10

Weekly shows 61.80 rejection on the Fibonacci creating a Higher Low Daily shows shift in momentum towards the upside with this being the next significant Higher Low. 4H shows downtrend being broken and the market is on its way up as it created a new Higher High and will look to retrace. 1H confirms the retracement with reversal candlestick pattern. Price will...

Hfxtrader10

We saw NZDCAD break the previous consolidation range, and on its third attempt, it broke the weekly support of 0.9000 Yesterday's price action closed below the EMA, and we see both the blue and red EMAs crossed towards the downside adding up the confluence of this pair seeing bearish movements. Price also broke the 4H consolidation range (yellow box) and looks to...

Hfxtrader10

Overall, we may look at EURNZD as a buy, but before, we can catch a sell on the 1H downtrend it's forming. Price was in a consolidation zone, but a break and retest fits in with the 61.80 FibC zone, where we see previous rejections as resistance and support. This is where we can place a sell all the way down to the -61.80% extension, which fits nicely with the...

Hfxtrader10

Shooting star with a 71% fibC retracement on the daily which also rejected my resistance key level. Waiting for EMAs to cross facing down, and for the previous low to be broken (price to close below 1.8000) before entering for a short trade, going down to 1.7750 which is a psychological key level, where we find the market often struggling to break.