Yes i repeat.. Buy NZDGBP... Now.... Price was hit the 0.618 fibo level and each time it hit the 0.618 fibo level and it was reached 0.5 level of fibo which is give us a strong clue saying that rate will be reach the 0.5 fibo level soon. There might be a drop (according to the history) once it hit the 0.5 fibo level to horizontal line (C) again it will towards...
No rate cut tomorrow folks . Trade the spike and get out 7 min top . Could be similar to AUD rate hold . If it runs more than first 15 min candle could go back in risking half the profit you already made with smaller lot size .See where it goes . ...
On the weekly, I see two bullish flag patterns occur with the new flag pattern inline with support. I am hoping price bounces off support to which I will enter my trade. Trade can be taken from the breakout or above support zone, totally up to how you enter trades.
It's moving against the resistance of the channel now and on the lower time frame it is moving in what looks te become a wedge. Also below that resistance on the left as well, so a good R/R play here. The rest of the things you can see on the right, was an educational post i showed in my channel, where i showed what a likely start of a trend change on that time...
-4 hour chart developing new higher lows. - 4 hour TDI just touched off the lower volatility band as price reversed. - Long term buy position advised.
This thing is consolidating right now. Once it's done moving sideways, I believe it will move up. Should be a couple hundred pips if played correctly. Also above the ichimoku cloud on most time frames. Biased is still bullish.
NZD bearish bias (related idea) trend line break engulfing pattern at trend line support
I'll be constantly looking in the future on this pair for potential entries. Updates will follow soon.