Newzealanddolar
A swing trade to put on autopilot while you continue to day tradIn my humble opinion there is not much I dislike about this trade. There is a strong move in, a strong move out which signifies a serious imbalance in price. As with my other trade ideas, the black lines are my entry zone, the red line is the stop, and the green line is the profit target. Keep an eye on the arrival. I don't like seeing too much basing as price trades to my entry. I'm confident with the amount of imbalance, price shouldn't have a problem trading out of the area even against small pockets of resistance.
Let's Sip Some $NZD/CAD in the Cup and Handle :)Let me take a minute to emphasis the Importance of this Resistance its a BIG one seriously.
This Resistance line which is Being Approached on $NZDCAD has held several times during this year before this encounter.
Also there is a CUP & HANDEL pattern forming which is giving some insane targets of close to 1.0450 so don't get carried away so easily.
I am looking for a break of this Resistance Line in coming Days.
Happy & Profitable Trading
Cheers!!
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ST & MT ReversalAggressive rejection of 1.05 level could lead to sharp surge back up to 1.13 in the coming weeks
Double Top on AUD/NZD @ H4This double top pattern on 4-hourly chart of AUD/NZD gives an opportunity for a bearish breakout trade. The pattern's tops and neckline are marked with the yellow lines. My potential entry level - the cyan line. My potential take-profit level - the green line. Stop-loss is to be set to the high of the breakout bar (not shown).
More information, chart template, and a free expert advisor to automatically trade this pattern - on www.earnforex.com
NZDUSD Short, because reaching price channelNZD reach the top of price channel and maybe it's a good entry to go short. SL at 73.258 and 1. Target at 70.863. If reached, half your position. 2nd target at 70.000. Risk / Reward Ratio at 8.83 (2nd target) and 6,24 (1 target).
This is only my idea for a trading setup, please check and decide with your own strategy! Thanks, and good luck!
AUDNZD bullish divergence at supportVery strong support level on AUDNZD, coupled with bullish divergence with the RSI falling into oversold territory.
No significant fundamentals at play so a good opportunity for solely technical trades.
Buy at the support.
$AUDNZD Wolfe Wave. Looking for Point 4Hello Traders,
Here we have a developing Wolfe Wave for AUDNZD. The goal of this post is to find point 4, which can be rather elusive.
Highlighted in grey is a Wolfe Wave that completed. As this Wolfe Wave was forming we created an ab=cd pattern that gave us points 1 and 2 of the developing Wolfe Wave. Point 2-3 formed as the first Wolfe Wave completed at it's 1-4 line trajectory.
You'll also notice that I drew the 1-4 trajectory line without point 4 being present. My goal here is to see what role the anchor, highlighted in green, plays in developing point 4 of this developing Wolfe Wave.
Discussions are encouraged along with your ideas of this pair.
-Chartistry
$NZDCAD Wolfe Wave Completion at 5', Geo Off-Set Rule Target$NZDCAD created a bullish Wolfe Wave in the 4hr time frame. The structure completed at 5' so we are looking at the Off-Set rule at point 4 as a target.
Happy Trading.
