I have sell till 1.13661 1000 pip take profit from CMP @1.23661
This analysis is based on a mixture of ichimoku and wave theory. Bought @ 1.04834 till tp of 1300pips from entry. This is for my own journal entry. Follow at your own risk !
Reason Rejection of D1 Kijun Enter on break of trend line Risk Reward 2:1
If price falls below the kumo cloud a good entry would be break of lowest fractal.
As per ichimoku and structure in the weekly time frame, it seems likely that there would be a bounce of this corrective wave towards the upside through an impulsive wave.
We are looking for a potential reversal of GBP NZD just above the weekly kumo cloud. OR it may just fall through it only time will tell. But keep an eye out for this critical level.
Ichimoku analysis of GBP NZD in weekly chart reveals it will touch the kumo cloud which may trigger a reversal to current trend.
Thanks to Mr. Anil Mangal's Chart update I have been looking at this chart since he posted it. confirmed buy for me as per elliot wave - Wave 3 Started. Bullish MACD divergence Higher Low
Break of Daily trendline Bearish Trend continuation signal in H4 Elliot Wave Wave 5 started in H4 time frame. Cannot show due to restrictions on account. Our target - is TP1 1.9840 TP 2 -1.9419 SL- 2.03536
Gold is in a downtrend channel on its way up. Could possibly have one more leg down before going upwards.
Trade Closed. SL HIT - It seems it was a false signal and one more leg down remains on this pair I believe that NZD USD will be long from here because: NZD USD is in a 7 year support zone. Bulish RSI divergence Completion of Wave 5
SL HIT Pending order buy at 1145.10 Technical bottom zone as indicated between 1145.10-1140.90 . Long term trade best to trigger and hold buy till TP than miss the entry.
UPDATE: TP 1 hit closed trade. Elliot wave count Wave 3 may fall till 121.055. But 120.145 or 118.472 are also valid if this pair keeps breaking these levels.
SL HIT Double bottom on H4. US weakness Elliot Wave 5 Completed. Looks like Wave A up which is mostly an aggresive impulse move. RSI Bullish Divergence.
With current candle registering higher low and rebounding from the 38.3 Fibonacci Level and as per Elliot wave analysis this could possibly be a Wave 3 which would at least hit 1.51943 in the medum term. In the long term, this could go up-to Fibonacci expansion level of 100% at 1.63988. Please note: The analysis that I make are for my own journal. Please do...
TP REACHED As per the price action of Oil and US inventory data yesterday, I reckon that we will see a move down to 57.99 which is inline with the medium term bearish bias.
As per the elliot wave analysis, this pair is on a B Wave correction to the upside. Following that we will see a rally all the way down possibly towards parity in the long term. I am still learning this wave analysis so any comments or feedback would be greatly appreciated.