The general direction is downward. Buying it is just a pull back. There are two scenarios, to retesf the weekly supply or respecting the breaker block. Now, the probability is, selling it, if we observe the closing of candles we see rejection upsidd and the mommentum of sellers is high. Conclusion: it is well to wait for a pull back in lower TF and join the drops.
The NZDUSD showed it would pump up there aroud the key level that has already failed to handle. Trade what you see and not what you think. We are now given a new move from down. Observing the structure is bull, it creates HH,HL,HH,HL..... Now let us wait if the price will feach the area we are expecting to. This is not a financial advice
The common idea is that, if the price is in upward move, when it breaks above, wait until it retraces to the original move, then if in the LTF it gives an entry, dive in with buys. Remember to use risk management
One of the reason for buying is that, Price pumped up, after breaking the base leaving the OB for bulls. Using the fib approach, the price have retraced to test the demand zone. Now I expect the buyers to dominate afrer validating by choch shown in the chart. Let us see how it will play
An intraday trade set up. The scenario in a technical percpective had shown a clear liquidity sweep+ choch+bos then it went to retest and swallow all equal highs left as liq. Now let us drop with NZD to our deep basing on H1.
In a daily time frame, the price is breaking the highs and it tends to pull back to the Ote fib level. Now we see it may break the previous high. Au has become some how strong following the USD reporting negatively in fu damentals. Let us observe how it will play
previously it was buying, it is now going the strong demand zone that there is bullish orderblock. we wait if it will tap the zone and wait for reversal signals.
In a H1, the price has reached the supply area, in 15m, it has taken liq then has broken the low, it s now retesting and drop. Let us how it will play
In the 4h time frame, we see price is breaking the lows. In 30m the choch is created and it left liq above. If we use fib tool, we see it sounds with prime price and demand zonal price. Now we have set a POI and wait the pull back to retest and clear the resting liq and drop Let us see how it will play 📌
We see the iver all trend is bearish In 4h there is bos There is rejection down whic allows to retest above and fill imbalance shown. We wait the pull back and wait confirmation in 30 to sell.
Technically the pair is showing the bullishness. In the few days past, it has shown the corrective move. Yesterday, it completed the ABCDE pattern and it broke to the upward by breaking the Highs in the 1H timeframe. I expect the previous highs to be broken and shoting to the almost highs. Fundamentally; GDP DATA #goodstrade balance non EU 4.950B to...
This is a short term buy. The main trend is down. This is suitable for scalpers. As we see in a 1h tf, the price kept in breaking the lows. But we see it has already, broken the previous Lowe High (printing the choch. Now we wait the price to retest the zone, caused the choch formation. Lastly be cautious, keeping in mind that #dont lose what you can not afford to lose.
WE have seen the trend is buyuing. But we can also sell for intra day gain. Always be cautious with managing risk
The triangle pattern is formed, may allow, breaking above and bull or break down and sell
1M there is multiple rejection to the downside D1 the price has reched the area of demand. 1H we wait for the last high to be broken after liq being swept. We may join the rally. Also, Watch the fundamentals
D1 the price has broken the consolidation phace located in a strong demand zone. I see the price completed the above closured candle above the consolidation, printed the validation of upward. Now, the price is pulling back to the area left with FVG. I expect the fvg to be filled at least half of it or more. If the price in 1H will give us an entry, we shall shot...
The 4H timeframe shows the price breaks the highs. Now, as it is indicated in the chart, it pulls back to the critical zone wher we may see upward move again. Keep watching. We expect to break above previous high.
weekly It has created choch+ BoS . 4h The price has left liq down. Price is now droping to retest the zone . Let us see how it will play