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Wickrejection

GBPNZD UPDATE Welcome back! Here's an analysis of this pair! ** Just a quick update on GBPNZD - it rejected at previous monthly highs (2.0050-70) where we expected selling pressure to come in, however we may see the price come back up during NY Session. We recommend not risking more than 2% of your entire account balance and use your risk wisely. Banks may push the price to take out liquidity and turn it around. You'll notice the high from June 21, 2001 which was due to an economic event, but we doubt the market will re-test this far up. Only risk what you can afford to lose! Big sell coming soon (in our opinion). How are you trading GBPNZD? Let us know in the comments! COMMENT, LIKE, and FOLLOW for more! :) Brian & Kenya Horton, BK Forex Academy GBPNZD previous analysis www.tradingview.com
by BKTradingAcademy
2
AAPL - Sign and ConfirmationThe long upper wick of the candle is a sign of price rejection. The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the upward trend is done. And also, if you draw a line, you can see that there is a Bearish Broadening Wedge forming.
NASDAQ:AAPLShort
by Damako
EUR/USD Analysis - It Will Head UpwardWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** Current technicals point to a bearish bias on the weekly of EU. After a deep push to the downside and minor correction, sellers struggled to break lower than 1240. A break of above 1352 would signal next target at 1450 zone (previous weekly resistance). Volatility may begin to slow as we approach the holidays so don't expect major movement from this pair. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
GBPUSD - Approaching Demand Buy ZoneWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
EURAUD-1H-Long PotentailHello folks; On the EURAUD we can see a RD+ and double bottom pattern which is a strong pattern for reversal on the other hand, on the major pivot point and demand zone has a nice hammer with a massive wick.Totally; we have lots of signals on the chart which is telling us the price's moving is gonna revers.For now, jump to the long position till our target what is marked on it. Please put your comment and like . If you would like my vision , analysis please follow me thanks guys.
Long
by Mohammadrezatrader
3
EURAUD UpdateFollowing the previous analysis, I managed to take profits along the way and, most importantly, secured them by making this trade a free-risk one. Price tested our major trendline structure (more of an area than just a line), almost hitting 'TP'. Could have waited for a lower high formation, but the wick rejections might tell us otherwise. Also, we expect a price reversal. If not, just adapt! Secure your trades, trust the process, backtest and look for momentum! Let's go, baby!
Short
by CoutoRodrigues
(GBP/USD) Potential Sell OpportunityGood Morning Traders. I hope everyone has had a great week so far. These are my thoughts for GBP/USD. After a strong push to the upside momentum is finally starting to exhaust. I expect price to correct before continuing on an uptrend. Reasons for trade: - Strong wick rejection on 1hr indicating sell pressure. - Price over brought Advice: Trade one pair at a time. Its best to focus you attention on one thing at a time. Peace Out Forex Prodigy.
Short
by forex_prodigy
9
GBPZAR Outlook Strong on all time frames within this recent down trend. Looking for a long term buy on this pair at potentially 1 of 2 different level, the first zone and more recent between 18.15590 - 18.19661and the second zone between 18.02835-18.11248. The trend line imply a continuation to the downside until we reach these levels. Also, we may see pullbacks continue to pus up to the following minor levels 18.35810-18.36895 or 18.41100-18.44628. I think we get a break of the trend lines but it eventually become support until we get our big move to the upside. Looking for rejection for both buy and sell opportunities at each of the levels.
by Cory4rex