Kiwi
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.
NZDJPY - Sell now validNZDJPY - sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
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
NZDUSD | PERSPECTIVE FOR THE NEW WEEKThe dominant perspective that the Kiwi could suffer on new measures from the Reserve Bank of New Zealand brought forward on risk-off has a significant reflection on the chart as we experienced a Breakdown of Key level at $0.66000 after series of Bearish wave though the whole of last week.
Tendency: Downtrend ( Bearish )
Structure: Double Top | Breakdown
Observation: i. The arising of a Reversal pattern after price action reaches a peak at two consecutive times ($0.68000) with a moderate decline between the two highs to $0.66000 (neckline) confirms my Double Top pattern.
ii. Breakdown of Key level @ $0.66000 (neckline) incites expectation of retest of this level to signal trading opportunities.
iii. Confirmations of Sell aims at a touch of the Bullish trendline.
Trading plan: SELL confirmation with a minimum potential profit of 400 pips.
Risk/Reward: 1:3
Potential Duration: 4 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZDUSD turning bearishGood evening/morning traders
Havent done much analysis on the NZDUSD in a while.
However, its looking like a tasty short to me!
It definitely has caught my eye and is going on my watch list.
As always, keep the risk managed
Cheers :D
NZDUSD sometimes is too fast and too high.... Selling some...Hello,
Commodity currencies are the greatest beneficiary of "unlimited" printing all around the world.
GDP from NZ weak, RBNZ cautious, and the chart "says" if not here, where?
Selling inside the zone 0.6730 / 80 (scaling?)
Stop above 0.6820
1st target: 0.6525
Second target: 0.6375
Good luck
Will Nzd / Usd keep going up? YES !!Will Nzd / Usd keep going up? YES !!
continue the previous analysis
I still have the point of view that this pair hasn't shown any significant weakness.
The last swing still continues its uptrend with a 45 degree slope, I believe that this swing will continue its upward trend
AUDNZD | PERSPECTIVE FOR THE NEW WEEKAUD/NZD is aiming higher within the broad range despite the announcement from Reserve Bank of New Zealand's governor Orr at the beginning of the month (September 2020) that the central bank is ready to deliver more stimulus. Presently, the pair is trading above the Breakout of the Bearish Trendline hereby closing the last week above the Demand zone @ 1.09200
Tendency: Uptrend ( Bullish )
Structure: Trendline | Supply & Demand | Breakout
Observation: i. The line drawn under pivot lows on the Daily chart emphasizes the prevailing direction of price as price comes back to touch Trendline once again!
ii. Breakout of Rejection Trendline is another confirmation that points at an Uptrend bias.
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward: 1:3
Potential Duration: 8 to 15 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Nube #70NZDCHF sell @0.61187
SL @0.61580
TP @0.59275
Risk 0.5R
If price retraces a new position could be added.
KIWI OUTLOOKI believe price will gravitate upwards, towards the buyside liquidity resting above the equal highs shown on the chart.
There should be further confluence on this idea, if the DXY continues to move lower.
NZD/JPY (New Zealand /Yen) Risk/Reward ratio: 1:15 minimum
Chance of success ~70%
Comment: Beginning of an upward channel (upward momentum) for extra confirmation
AUD/NZD Monthly Candlesticks & Ichimoku ChartWith the Reserve Bank of New Zealand (RBNZ) explicitly expressing their intention to weaken the currency and willing to contemplate negative interest rates and purchasing foreign assets if required, the NZD is likely to continue on a weakening path.
The Reserve Bank of Australia (RBA), on the other hand, expressed their wish to see AUD lower but would not say that AUD is currently overvalued and is unwillingly to contemplate negative rates at this point. This means that AUD will continue to outperform the NZD in the weeks and months ahead.
AUDNZD is breaking above the monthly Ichimoku cloud. A close above the cloud would be the first since early 2013. The start of this uptrend is likely to bring the pair above 1.20 and may even test 1.30 in the longer term.
