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Gbpnzdbuy

Double Bottom at Cypher completion on GBPNZDHi guys, here on GBPNZD as you can see we have a nice double bottom (with RSI divergence) right at the completion point of the Cypher pattern. Besides, this level is also a level of structure that lines up pretty well with the 618 retracement of the bigger leg. The last bullish candle is the final sign of a possible reversal. We'll see. Stops below the low, target1 at the retest of the highs, target2 to be determined (right now i think at the second cypher's target) If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Bunch of clues on GBPNZDHi guys, here on GBPNZD as you can see we have a nice double bottom (with RSI divergence) right at the completion point of the Cypher pattern. Besides, this level is also a level of structure that lines up pretty well with the 618 retracement of the bigger leg. The last bullish candle is the final sign of a possible reversal. We'll see. Stops below the low, target1 at the retest of the highs, target2 to be determined (right now i think at the second cypher's target) If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
3
Harmonic pattern on AUDCADHi guys, lots of interesting ideas today. Here we have an advanced pattern formation, a Bat, that's completing right near the resistance level that was broken to the upside and that should now turn into support. Whenever this kind of pattern completes at key structure levels i place my orders at the D point, with stops below X, and targets at the 382 and 618 retracements of AD. Let's see how this plays out. If you want to share your viewpoint, or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Bat Pattern at key structure levelHi guys, lots of interesting ideas today. Here we have an advanced pattern formation, a Bat, that's completing right near the resistance level that was broken to the upside and that should now turn into support. Whenever this kind of pattern completes at key structure levels i place my orders at the D point, with stops below X, and targets at the 382 and 618 retracements of AD. Let's see how this plays out. If you want to share your viewpoint, or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
(GBPNZD) Daily - Speculation and AnalysisThere is high chance we may break the trend line since the support did hold and we have weakness in NZD and even more weakness if they have rate cuts. Once we break the trend line am expecting upward movement to the top of the channel. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- - Improve you trade accuracy using Mongers Kit Mongers Kit is complete traders toolbox, with all the data and news you need to have successfull trades. Mongers Kit is packed with features such as : 1) order flows in real time. 2) current open positions from 4 different brokers. 3) real time news update. 4) T.V and Radio to your favourite channels (Bloomberg, CNN, ABC, etc). 5) Dynamic sessions - see all the rises and falls in each session. and much more, get your kit now at www.mongerskit.com If your my follower, you get 20% discount on your purchase of Mongers Kit. Contact me for more details.
by Tradesmanship
Long GBPNZDFundamentals:- The improved GDP from New Zealand last week really helped the downside in the GBP/NZD pair. Although the GDP figure was good it does not change the fact that CPI in NZ is still very low and the recent rate cut from the RBNZ brings into light the posibility of another in the next meeting. UK CPI is due out next week and expected to be better with a growth of 0.4% if the reading beats expectation we can expect to see a rally on this pair. Technical's - From the Daily chart you can see a nice pin bar rejection from the rising trendline and buyers coming back into the market with the engulfing candle on Friday. I am looking for a slight pull back then entering long with a target of 2.2000 the previous confluence area. Stop losses should be below the currenct daily candle and incorporate some of the previous pin bar candle. Learn how to trade for free bankonadam.com
Long
by FreeForexSignals4u