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Kiwidollar

AUD/NZD flag for possible upside to 1.073Hello Fellow Trader! AUD/NZD sitting at the lower Bollinger band on the daily chart clustering with 200 EMA. Price also break above 1 – hour time frame trend line, and 15-minute chart showing a flag for possible upside. Wait for a clean break of flat for AUD/NZD execution. Key Points: - Daily – Price at 200 EMA - Daily – Price at lower Bollinger band - 1 – Hour - Price above trend line - Consolidating into a possible flag for upside - Watching 50 EMA to reclaim - Wait for a solid close above the flag Key Levels: Support – 1.06925, 1.06790 Resistance – 1.07300 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 1.07019 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 1.06882 – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 1.07019 – Target 1 1.07300 = 2x Reward to Risk
Long
by tradetheday
Nzd / Usd is still looking for sell opportunities.Nzd / Usd is still looking for sell opportunities. after this analysis is running s3.tradingview.com This pair seems to form a compression pattern, there are 2 points of view at this point that I find. 1. when the price is bumped by the blue line R (resistance) as a key level, then falls deep enough, the price will try to retrace back towards the blue trendline and then back down. 2. With the price being compressed, there is a high probability that it will compress at some point following the red line and come back down. then what should be done? when is the best transaction that can be done? we can sell when the price approaches the R area or touches the red upper line.
by Hokusai_FX
nzd / usd changes elliott wave notation.nzd / usd changes elliott wave notation. After I observe, I will change the Elliott Wave notation for this pair, I estimate the impulse wave has finished with the formation of wave 5, currently wave a-b-c has been formed. Will current prices return to impulse? or continue correction to form another a-b-c? if the price does form a new impulse, then the positive price will break through 0.68200. so we better observe first for further confirmation.
by Hokusai_FX
1
Quite a relief profit, 100pips is on the wayQuite a relief profit, 100pips is on the way See the previous analysis at s3.tradingview.com Currently the price is quite close to the TP area, I still assume the price will go up, but stay alert if the trend starts to reverse direction. there is a possibility, that this will form a channel like the one I drew above, it could also be that the price has not yet approached the channel I described but went straight down through the Validation Line. in case the price goes down and breaks the validation line, then we can prepare for a trend change. let's take a look at the limits that I have created, while waiting for the confirmation that happens later
by Hokusai_FX