Keep monitoring this index, if we see price getting through 12950-12850 we can set our targets to 12650-12550. Good luck
After doing a pullback in the area of the past uptrend matching as well with the key level 61.8 of Fibonacci Retracement of Wave B, we have a typical Elliot wave movement getting wave C at least as long as a 100% of Wave A. We can find the third confirmation breaking MA 100 (orange). Let´s burn the market!! Good Luck
Basic analysis here traders. Double bottom in a psychological area, lets see what happens Good luck this week!!
GBP is very strong since the past JUNE-18. Now the price is in a very importante key level, and its showing a strong support on the area of 1.2800 matching with 38.2 of Fibo Retracement. The double bottom in that zone, makes us think that the price can get through higher areas. Another confirmation could be the support that the price is doing on MA100 and MA200
In this time frame, we can see clearly that the german index has made a perfect breakout and a perfect pullback in that strong resistence we where looking in the last photo that we post (TIMEFRAME D1). As we said before, we need a confirmation to get a safe and profitable trade. The price needs to get through today´s highest price. The more power we see in this...
Our recommendation to get this entry minimizing all risks, is to wait until the german index breaks today´s highest price. In this photo, we just wanted to put ourselves in situation on long term chart analysis (TIMEFRAME D1). We are going to post another photo showing the breakout and pullback using a shorter time frame (5MIN).
Since the past weeks, nzd is specially damage against all the pairs. One example is EURNZD. After doing a double bottom on the support zone, the price has turn up fastly, breaking all the resistance of the short term. Now is trying to climb, but the resistence of 1.71000 is very hard. We can see that MA 200 is in that zone, as well as the tripled zeros 000´s....
After breaking the dot line (red) and confirming with MA 100 and MA 200, we are sure that this pair can fall to 119.00-118.00-117.000, getting 200-300 pips in longterm The trend of this pair is extremely bearish, so you must trade selling on the top parts. Remember always to be trend-friendly
The rejections in MA 100 are very importante. The last two make the price rise, let see this one
We can see a double bottom (blue eclipses is this pair. The confirmation could be a strong breakout of the resistance in 1.31800-1.3200
This pair is in a bullish channel since last August. Now, we can see that there has been rejection (Head and Shoulders on a strong resistance) on the upper line of the channel, meaning a possible retracement until the downline of the channel is reached. The new bearish is measured with Elliot Waves and Fibonacci, pronosticating with C wave a slope until 0.6800
A confirmation is needed to enter to this index and trade it with probabilistic logic
- Rejection in Resistance level since 2013 - Head and Shoulders clearly identified. Waiting for a strong broke of the clavicular line.
- Rejection in MA 100 and downtrend - Waiting for a complete ABDCE Elliot Wave, reaching the downline of the bearish channel
This is the way we think its the correct way of looking this currency. Short opportunity going on here
To confirmate this signal we need pinbars, hammers on this candle and the next one. That will make a good moment to be on the buyers side.
head shoulder on support zone, great chance to buy