Looking at staying long with this pair in hopes of a weaker dollar, between 62% and 88% will be my kill zone area. My red box highlights the mitigation zone and will be looking to see if price reacts from inside the zone off of smaller time frames. As today is Monday i will not be eager to place a trade unless i see a clear confirmation.
This for me shows me good signs of reversals using fib and market structure. This is a trade to hold or scalp moving your stop loss accordingly if you are looking to secure some profit. Lets see how it goes!
Dear traders, So as you can see we expect NZDUSD to go long. We think it will go long because the markt is now in a strong weekly buy order zone. If you zoom in on the daily chart you can see we are now also in a strong buy order zone that is been filled right now. It will be much clear on the 4h chart, you can see the 4h trendline is been broken en created a...
this pair is dropping at least to the trend line. nice triple top!
This is an update on previous GBPAUD post. Now the price has broken the CTL and also retested the local S/R level before the breakout. Now, we are just waiting for this pair to plummet. Trade responsibly. Follow @TheKissForex on Instagram for more Forex trading tips.
UC should shoot up this week. catching a good 400 pips