Nzdusdsell
BEARISH CONTINUATION ON NZDJPY NZDJPY has shown great bearish momentum and currently retraced into a continuation pattern. We may see price continue to our take profit level.
Stop loss - Red price level
Take profit - Green price level
Remember you must manage risk, only risk 1% or 2% depending on your risk tolerance. There is no such thing as a guaranteed win in trading. What you have is an 'Edge' with your edge you are in a game of probabilities and you are not always going to be right and that is okay! You learn, trade and continuously optimize.
NZDUSD - PUMP UP - BULL COMINGNice Bullish move about to unfold.
With good risk to reward ratio.
MACD & Stoch RSI showing Hidden
Divergence. For Elliot wavers, this
could be Wave 5 forming.
See previous analysis
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NZDUSD SELL LIMIT OPPORTUNITYNZDUSD was travelling in a wedges for a rather long time , until recently price broke out to the downside, it formed a descending channel on its way down. Price recently hit the bottom of the channel and has been making its way to the top, We believe price will make its way up to the 0.618 but we have sell limit orders at the support zone in-between the 0.5 -0.618 retracement levels. Our TP is the -.027 of the previous wave.
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
NZD/USD MAJOR BREAKOUT!Price has been travelling in a pennant and inside it price was travelling also in an ascending channel. Price has however broke out of both of these structures to the downside and has now come back up to retest the pennant indicating a big short trade coming up. While breaking out price has also formed a descending channel marked out in black, we just saw the retest at the top the channel also indicating a short trade coming up. Target is shown above!