NZD/USD IS SETTING UP NICELY TWO PATTERNS. WATCH THE MARKET FOR POTTENTIONAL BUYING OR SELLING OPPORTUNITIES IF THE PRICE WILL CLIMB TO 0.72920 THEN THE BEARISH GARTLEY WILL BE COMPLETED. IF THE PRICE GOES DOWN TO 0.72200 THEN BULLISH GARTLEY WILL BE COMPLETED AND THEREFORE BUYING OPPORTUNITY OCCURS.
WATCH IT CLOSELY.
JUST MY OPINION, NOT A FINANCIAL...
Looking for an opportunity to get involved in this downtrend move got a very nice potential Gartley formation coming right at structure.
But this time the market gave me another signal that stick to my trading rules in order to enter in this position, we got a double bottom at a very psychological number of 101.000 with RSI divergence, so in this trade I'm...
Will the downtrend continue with a back to back bearish flag?
Flag has formed, wait for breakout confirmation to enter the short.
The trend is your friend
If we break through the support the price is at right now, we will look for a LONG @1.28660, being our target previous resistance that is now support :)
A bearish cypher pattern has been completed @1.2952. We have recently created a bearish pinbar on the 1H timeframe which is another indication for me to go short. This idea contains two fibonacci based target points, the 1st @1.2906 and the 2nd @1.2877. Let's see where this one takes us.
Have a good one guys!
En nuestro radar tenemos un nivel estructural de compra importante, sin embargo estamos esperando que los patrones de precio nos digan que se va a respetar este soporte, de no ser así, esperaríamos un retest a la estructura previa para vender el breakout.
On our radar an important level of structure, just waiting for price patterns to confirm a reversal sign to go long.
