GBP / NZD - Sell into resistance - SHORT
The GBP has shown a little strength (and I mean a little), more sideways movement, but this could get us back up into an area of resistance I've marked on the chart, then we'll sell that down to the final target of the attached much bigger Head and Shoulders move that I'm still in since May 16 from the top of the Right shoulder.
Bình luận:
I missed the touch of the resistance zone while I was asleep, looks like it's dropping now, I'm still waiting for a pullback
Giao dịch đang hoạt động:
This is going to drop, I've joined the trade, nothing tells me this is going back up
Bình luận:
It has indeed dropped into profit, now to break the level of resistance below and it'll go.
Bình luận:
4h time frame and a pretty significant bearish candle to support the idea
Bình luận:
Once we break 1.91 then we'll be falling to 1.9 reasonably quickly. Buys will close and become shorts just below accelerating the decline and we'll continue in this channel.
Bình luận:
Looks like we're going to break 1.91, then it's down to 1.90 - 1.89
Bình luận:
As I said, it's about to drop....the Kiwi is looking stronger today.
Bình luận:
The pound is still weak against the Kiwi, time will tell if we can break the next level of support
Bình luận:
As we approach the US market, many short-term trades are exiting their positions, taking profits or getting into position for new volume of the US market, as always, we don't know where it's going, we can only make forecasts. I'm short the £ / kiwi and have been for two weeks, I don't change trend unless the trend has changed. I'm rarely in and out of a trade in the same day.
The short-term 15m weighted average shows a change in position, of the Pound / NZD.
The short-term 15m weighted average shows a change in position, of the Pound / NZD.
Bình luận:
Ove the past 4hours, the Pound is the far weaker currency and the Kiwi, one of the strongest today, bullish against all pairs. Anything less than 15m, I cannot buy that.
Bình luận:
I'm expecting the trade to fall out of this bearish wedge within the hour and carry on back and test today's support @1.9 again
Bình luận:
It can also break to the upside, but I don't know how are it would get, maybe up to @1.914 the distance of the back of the wedge, not unlikely, but lower probability on this trade, which is all we are doing, trading probabilities to gain an edge in order to be profitable.
Bình luận:
This is what the breakout will look like, either way.
Bình luận:
The Pound is growing in strength, Kiwi still strong to support the decline, but we may not break the support below, today at least, so be prepared to take profits to prevent a bounce, if that's what you're waiting for. I'll be watching price action down that way.
Bình luận:
While the pound is rising against other pairs right now, confirmed by weighted average, it's losing to the kiwi $. Still holding our position
Bình luận:
You can see here in 1H of the forex weighted average that the NZD has dropped against the Aussie, many of us have taken profits on that pair, just this minute. But the Pound has fallen slightly, but so has the Euro. I'm now adding to positions by selling GBP / AUD and we'll see another Kiwi drop quite soon I feel.
Bình luận:
Be patient people, this pair has not finished
Bình luận:
Lots of profit takers at this level....
Bình luận:
I want to see the bears come in under 1.904 above that, we're going much higher and that's just not worth it right now.
Bình luận:
As expected, we broke through support @1.90150 and we're now travelling in a beautiful downside move from that lovely Pin bar @1.92500 and I'm expecting us to fall quite quickly now that the London traders are in the PUB and the Europeans are doing all the strange and wonderful things the Europeans, do in Europe.
So we're left with the US market and a few million private traders, will they follow the trend before Asia, it would be nice wouldn't it, but nice doesn't deliver, only technicals and fundamental influence do. But I'm confident we will go lower, here's why.
There is a confluence area @1.89500 this must be broken straight away to make a bigger move down before Asia, looking at the weighted averages, you can see that the Pound fell below the support line, the kiwi stayed strong. A seriously bearish move.
NB:Remember, if you want to take your profits now, feel free, your account management is your decision, I'm just sharing how I trade.
So we're left with the US market and a few million private traders, will they follow the trend before Asia, it would be nice wouldn't it, but nice doesn't deliver, only technicals and fundamental influence do. But I'm confident we will go lower, here's why.
There is a confluence area @1.89500 this must be broken straight away to make a bigger move down before Asia, looking at the weighted averages, you can see that the Pound fell below the support line, the kiwi stayed strong. A seriously bearish move.
NB:Remember, if you want to take your profits now, feel free, your account management is your decision, I'm just sharing how I trade.
Bình luận:
If you're benefiting from any of my trades, give me the thumbs up, share or whatever the hell you do in here, it's free and so are your profits. We both win!
Bình luận:
Here's the big picture as I see it, we've broken the main point of control @1.09055 (see volume on the left) and now we've reached the confluence zone at the first blue dotted line, horizontal and diagonal, and we're starting to get into oversold territory, see the RSI @33, if we break this, we'll drop to my first target @1.89 the 50% fib area.
Bình luận:
The original trade that created this, the bearish H&S pattern I sold from @1.96 to @1.9035 and where my original target came from, then I cross-referenced with the above information, the big move on the FTSE, and strength in the Kiwi.
Bình luận:
And this is why I'm not taking profits yet, the Kiwi has broken out of the green bounce, still bullish and the pound is moving down in the red box, the dotted lines show you where they both were previously, GBP/NZD still bearish,
Bình luận:
box not bounce lol
Bình luận:
Overnight the pound has turned up and the kiwi has turned down, albeit this morning it's fighting back, so things may get a bit hairy today on this pair.
Bình luận:
Seriously divergent on 15m, a bearish signal, I'm not adding to my positions as I'm at my maximum risk level right now on other pairs. If it pushes back-up to 1.91 with the same level of divergence, sell it back down.
Bình luận:
We broke it again, I hope you stayed in the trade, but understand if you didn't, very nice profit presenting itself to us now, and there will be a further move down, we're retesting the break zone now, will support become resistance, let's find out.
Bình luận:
Big bullish response near 1.89, it bounced back to test 1.90 pretty sharpish, we did similar yesterday and 24 hours later broke another low. But I'm aware it's Friday, so unless you want to watch it go back to 1.903, I hope you took some more profit @189400 area.
Can the bulls brake 1.90100? Very likely, can they change the entire trend, I've no idea, lets trade what we see and take profits when the opportunity presents itself.
Are you enjoying this trade? And before the beginners ask, no you can't short now, learn to trade.
Can the bulls brake 1.90100? Very likely, can they change the entire trend, I've no idea, lets trade what we see and take profits when the opportunity presents itself.
Are you enjoying this trade? And before the beginners ask, no you can't short now, learn to trade.
Bình luận:
Looking at the weighted average, the Kiwi is starting to drop a little and Sterling is building in momentum. If we can get a pullback, close the trade and take final profits, we're almost at the predicted Head and Shoulders zone from May 18, see the bounce off the Yellow zone.
Bình luận:
Profit target set for @1.89295 let's do this, beautiful move down to test please to finish off a 3-week move of 1000s of pips and multiple trades.
Bình luận:
Lots of buyers here, if it doesn't drop by 16:30, I'm taking profits
Đóng lệnh: đạt mục tiêu:
I've taken profits @1.897 very happy with this trade.... just seen WTI Oil Rocket to the upside, this will affect many trades including pound who have money in these companies.
Bình luận:
Let me know that you enjoyed this trade, comment if you made a profit, if you made a loss, I've no idea how and there is some serious work to be done on your trading. No 1. Patience on your idea.
Click like, agree, share, whatever the hell it is you do in here. Thanks chaps and ladies, enjoyed this one PAIR for the last three weeks, many more trades to come, I'm now up nearly 1000% growth on my account.
Click like, agree, share, whatever the hell it is you do in here. Thanks chaps and ladies, enjoyed this one PAIR for the last three weeks, many more trades to come, I'm now up nearly 1000% growth on my account.
Bình luận:
The pound has strengthened over the last two days, but the kiwi is still strong, but with bigger moves to the downside against all currencies, so we're looking to sell this pair down at these red sell resistance zones, but only when we get a signal to do so.
Like that pin breaking through 1.89985, but I think we may need to be more patient than that, but it's a potential opportunity, I'm also in Euro / NZD.
Like that pin breaking through 1.89985, but I think we may need to be more patient than that, but it's a potential opportunity, I'm also in Euro / NZD.
Bình luận:
We can see that the Kiwi$ has pushed down against all other currencies more than the pound in the last 24 hours, 1.9 is a major area of resistance. If you missed it, we have all day and next week, do not chase a trade.
Bình luận:
I won't be trading this pair today.... leave it for the bulls to push higher and we can sell it back down next week.
Giao dịch đang hoạt động:
Limit order filled overnight @1.1912 target @1.89
Bình luận:
Target changed to retest the bottom @1.893
Bình luận:
Today will be one of those days when trades are trying to find their levels, break levels and support new trends, you can see this in the aggressive moves happening very quickly.
It's incredibly important you stay patient for an entry, don't enter to just be in the market and if you've got a trade on a long term, swing trade, be preapred to see larger sideways movements and therefore don't sit and watch them, don't enter with anything less than a 15m timeframe and preferable a 1h.
I plan to be out of this trade within a few hours, I'll be reviewing the markets today, not trading for the sake of it. Especially after my first net loss week in 6 months. No excuses either.
It's incredibly important you stay patient for an entry, don't enter to just be in the market and if you've got a trade on a long term, swing trade, be preapred to see larger sideways movements and therefore don't sit and watch them, don't enter with anything less than a 15m timeframe and preferable a 1h.
I plan to be out of this trade within a few hours, I'll be reviewing the markets today, not trading for the sake of it. Especially after my first net loss week in 6 months. No excuses either.
Bình luận:
Bulls rejected, still moving down.
Đóng lệnh: đạt mục tiêu:
Just short of the base, not waiting for a move back up, profits taken.
Bình luận:
Took that profit too early... it's descending rather strongly now and looks like it may break the low
