Trading Ideas
NZD/USD shooting star plummets prices below DMAs again
Wed, 21 Mar 2018 01:57:20 -0500
NZDUSD bears resume again in minor and intermediate trend after the occurrence of shooting star at 0.7389, 0.7370 and 0.7331 levels (refer daily plotting). These bearish patterns have witnessed steep price dips, the current price slide well below DMAs. For now, we expect more slumps on bearish DMA & MACD crossovers, while both leading oscillators substantiate bearish stance. Next stiff resistance levels are observed at 0.7251 and 0.7337 marks. Both leading oscillators (RSI and stochastic curves) have been converging to the prevailing price dips to indicate strength and momentum in the downtrend. While MACD’s bearish crossover also substantiates the extension of downswings. On the intermediate trend, we had warned stating that don’t jump the guns to conclude as the long-term bull trend as the attempts of bull swings were restrained quite frequently below the stiff resistances of 0.7499 levels when the occurrence of bullish engulfing pattern candles that have countered price slumps from last two months. Shooting stars evidence steep slumps below 21EMAs again, if at all bears manage to drag the price slumps further as both leading oscillators (RSI & stochastic curves) on weekly terms signal selling pressures, then there would be a potential double top formation. Hence, we recommend tunnel spread which is binary option version of the debit put spreads on trading grounds. Use upper strikes at 0.7240 and lower strikes at 0.7160 levels. Alternatively for risk-averse traders, at spot reference: 0.7184, stay short in futures contracts of mid-month tenors with a view to arresting further potential dips. Currency Strength Index: FxWirePro's hourly NZD spot index is inching towards -95 levels (bearish), while hourly USD spot index was at shy above 38 (mildly bullish) while articulating at 06:52 GMT.
NZDUSD broke out of support, potential drop!
Wed, 21 Mar 2018 01:05:08 -0500
NZDUSD broke out of its short term ascending pullback resistance line and is currently testing our first resistance level at 0.7186 (horizontal overlap resistance). A strong reaction might occur at this level pushing price down to our intermediate support level at 0.7109 (50% Fibonacci retracement, 100% Fibonacci extension). Should price break out of this level, it might drop to our major support at 0.7028 (61.8% Fibonacci retracement, horizontal pullback support). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDUSD Bearish Breakout, Time To Sell
Tue, 20 Mar 2018 20:54:16 -0500
NZDUSD has broken out of our major support, now is a good time to sell. Sell below 0.7188. Stop loss at 0.7249. Take profit at 0.7032. Reason for the trading strategy (technically): Price has made a bearish breakout of our major support level at 0.7188 (Fibonacci retracement, horizontal overlap support) and is poised to drop further from here towards our profit target support level at 0.7032 (Fibonacci retracement, horizontal pullback support). RSI (89) sees descending resistance hold our prices down really well and adds to our bearish bias.
long at critical zone
Tue, 20 Mar 2018 20:01:42 -0500
this is a 4 hourly long, not the safest entry, but nice risk reward should you go for it
Pull back before further decline£
Tue, 20 Mar 2018 19:58:15 -0500
On the daily chart the candle has closed below the 0.72000 level after two previous attemps. I am looking for a potential pull back to around the 72 level which is around the 23 Fib level also. I will drop to the 4 hr/1 hr charts for clarification. ADX is suggesting the move will continue lower. Lets see what happens.
NZDUSD and RSI divergence
Tue, 20 Mar 2018 19:08:06 -0500
Here is a trading idea active now. Buy NZD USD, the price is on a previous structure level, we can see divergence of the RSI and the price is between 1.13 - 1.618 Fibb extension. TP1 0.72205 TP2 0.72357 SL 0.71477
Tue, 20 Mar 2018 18:41:52 -0500
NZDUSD has formed a descending triangle pattern. We indicate the price will move bearish. Our recommendations are: Short below 0.7183, with 0.7104 as target, and 0.7242 as stop loss.
Tue, 20 Mar 2018 16:30:50 -0500
RSI Divergence. NZDUSD H1. Potential bullish signal
Tue, 20 Mar 2018 15:45:10 -0500
Live RSI Divergence found on NZDUSD H1. Waiting for a reversal around the entry point given. TP and SL noted on the chart.
NZDUSD - potential buy setup
Tue, 20 Mar 2018 14:45:46 -0500
Technically: - AB=CD - Bullish butterfly - 0.5 retr of whole upward swing Entry: ~0.711 TP1: ~0.727 TP2: ~0.731 Trade responsibly.
N/L breaking of Previously posted H&S on daily
Tue, 20 Mar 2018 14:36:48 -0500
Also breaking 38.2%..Possible scenario...maybe wait for drop and then retest of N/L for possible short
NZDUSD Bullish :D
Tue, 20 Mar 2018 13:12:35 -0500
Look Chart :D respect the rules --> Profitable trader Do not follow the rules --> You can cry Do not try to take a position without analysis. No revenge. 100% accuracy bullshit if you have enough to move the market with the big whales. Real accuracy IF RESPECT THE RULES 50% to 90% but minimum 50%. My opinion. Key £ PATIENCE AND DISCPLINE. Stop paying signal/account management. Learn ! Learn ! Learn ! Thank you :D
Feed Fetched by RSS Dog.