DislikedGBP-NZD entering a bullish phase? I will add more details when I have some time. {image}Ignored
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DislikedGBP-NZD entering a bullish phase? I will add more details when I have some time. {image}Ignored
Disliked{quote} how have you drawn these lines? They seem to be fitted to the chart.Ignored
DislikedAZD/NZD has finally moved out of consolidation. NZ finance minister is talking down the strength of the NZD and highlighting the Australian economy appears stronger than many anticipate. This coupled with relatively better data supporting the AUD and some improved predictions over the coming week all support the move to 1.1. I am still holding my longs and targeting 1.12, no changes there.Ignored
DislikedGBP-NZD entering a bullish phase? I will add more details when I have some time. {image}Ignored
DislikedShort to mid term level in range on the USD-CAD, although I will need to look further into the fundamentals-data before forming an opinion. {image}Ignored
Disliked{quote} This is a great pair for longer term trades due to it's cyclic nature. When price is in freight train mode and moving at a seemingly unstoppable pace it is easy to forget that retracements can be just as powerful. A simple logical approach to finding a a series of long entries with a mid/long term view would be to use fib points to accumulate a position. Entry level is not so critical if the target is take 1000pips+ from a cyclic trend and it is not necessary to deliberate over where exact turning points in price might be, greatly simplifying...Ignored
Disliked{quote} My first two long entries hit on GBP/AUD (1.7510) and GBP/CAD (1.7900). GBP/JPY just don't want to go lower..Ignored
Disliked{quote} My first two long entries hit on GBP/AUD (1.7510) and GBP/CAD (1.7900). GBP/JPY just don't want to go lower..Ignored
Disliked{quote} Some technical zones worth chalking up on GBP'AUD, especially the UNTESTED monumental demand zone starting at 1.636 that took three years to form! Reminds me of a similar scenario on the AUD'USD and AUD'CAD in reverse. Mega supply zone hit in Oct'13 to give a large rejection. These opportunities do not happen often on such a high time frame but when they do every fool and his dog should trade them. In this current scenario price may not make back as far as the 61.8% retrace so an amount of measured "quantitative loading" might be the best...Ignored
Disliked{quote} Price has bounced off the 38% Fib to give a short term move of 300+ pips. A lot of volatility expected due to the Scottish vote, if the NO vote wins which I think is most likely, a rapid rally in pound pairs likely. If the YES vote wins and the pound dives there will be some great chances to enter long for the mid term on several pairings. I will be holding all my positions regardless and adding if some key levels are hit during volatile moves. Will be exciting stuff. {image}Ignored
DislikedMeasured loading into the GBP. No further analysis needed. What could possibly go wrong?! I will be back after Christmas dinner to see how it went. {image}Ignored
Disliked{quote} {image} The time for taking profit is nigh! Price is approaching the 23.6% Fib retrace of the major down move and most likely to react close to this point from profit taking/ short positions entering the market. I have set fill orders on three positions just before the Fib retrace. If there is a significant reaction and a short term down move I will look to enter long again with a reduced position size. Fundamentally the tide is turning for this pair. In the mid term the 38.2% seems a reasonable price target to me based on current economic...Ignored
Disliked{quote} Significant zones to load in long on the AUD-NZD. The monthly pivot has been tested twice which will have soaked up the available demand at that price level. Most likely to buckle on further selling pressure. Chart marked with points for loading long, the relative size of the red blocks indicate significance of the price level. Trend due to resume towards 38% Fib retrace of the large correction IMHO. See you later at 1.16 if the wind remains in the sails!! {image}Ignored
Disliked{quote} GBP-NZD has been creeping north with no more downside in the wake of RBZ rate hikes, a good sign! Of course BoE rate hikes are looming and this is starting to be reflected in the price, aiding in limiting the downside. Technically I an seeing a bottoming out. Price has tested the significant 2.01- 2.05 supply zone and subsequently made a higher swing low. In the wake of changing economic tide I don't think this supply zone will hold in the mid term with the possibility of 2.1+. I have recently added a second long. {image}Ignored
Disliked{quote} My first two long entries hit on GBP/AUD (1.7510) and GBP/CAD (1.7900). GBP/JPY just don't want to go lower..Ignored
Disliked{quote} {image} OK, cooking on gas now, the scenario is playing out, rip tide has changed direction. I exited all GBP pound pair positions temporarily ahead of the Scottish independence vote, now looking for "re-entry" with the minimum amount of volatility burn. Long off the 23.6% fib retrace from major trend following monthly close above this level seems to be the first reasonable choice. Mid term target 2.19, 1500+ pip range. {image}Ignored
Disliked{quote} Nice work. You are now up approx 1200 pips on the two positions and hopefully are still in the trades!? Do you have a mid term target zone?Ignored