Hi Clubbers,
CALL NZDUSD
It may be worth to have a look at the kiwi dol and set a deal targeting deep south.
On D1 a nice configuration is setting-up.
Thin picot doji style hitting top bollinger band for the 2nd time, MA14 crossing over MA20 BUT at a time where MACD is toping, with signal near touch entering above area, RSI starting to bend down from the 70 area, and OBV in line with RSI, all of this at the same time. Parabolic SAR has got a very far point with quite large distance from previous point. Reversal may occur while it will still print a few rising points before first bearish point appears.
When I see this I thing south.
However, kiwi is technically in the no-mans-land atm, no trading decision should be taken because it has crossed above its 100% Fibo retrace from last bottom, and only above 0.82 would be a nice point to shot upward to go long.
Keep eyes open in case a shoting star may form, it then would be opportunity to shot above 0.82.
All this into consideration, my favorite position remains to keep short now. Why and how? Because RRR is big now, and a nice entry set-up would be on a top picot around area 0.81607 but with a step out & reverse above 0.82+17.5pips (or adjusted to waving range in place at that time).
If short now succeed, possibly there is potential of 1k pips north.
Historically, last such configuration happened from 2011.08.31 0:00 to 2011.10.04 0:00 if you scroll your D1 chart and set all the indicators I have described and compare with current situation. However this time the movement may be accelerated with the tapering fear, may create that same 1k pips range but a bit quicker. The security key of this deal is the tapering. If the bottom support doesn't crunch with Tapering fear (more upon fear than actual real act), then a nice bounce is also good to play to continue oscillation along the current trend. And swap on long is positive.
Mind the overnight swap short is quite high, but you may hedge with double counter position during upward waves taking place along the downside move to protect your main position and cover the swap fees. The principle is to open a double size reversed position. Result is same size opened but reversed way. This stop the draw down and allow you to take profit of a double size gain while keeping same margin use. Also consider position building along the way on top of any pullback, at closing of your counter position.
There is quite a good potential here, assuming the configuration I described take place.
The risk is that currently an upward channel as began on D1 with current move pointing to 0.81958 as top barrier of the channel. Crossing this is a break, bouncing from that break may shot very higher. This in case tapering fail to come or sudden very bad bad sentiment about US recovery. Kiwi economy strength is quite good atm, but is also being currently threatened by a too strong kiwi dol exchange rate.
So key words, shot down short around 0.81607 if we see again, but mind if 0.82 area shows up. On break & confirmed bounce, huge buys may push very higher till got frozen by tapering.
You have all your week-end to check this deal dear Club members. Enjoy.
Personally I'm in already and this is how I'm gonna play it. Off course it may not work, as always, but as I also always say, it has scientifically been demonstrated that 100% of all winners did actually play.
CALL NZDUSD
It may be worth to have a look at the kiwi dol and set a deal targeting deep south.
On D1 a nice configuration is setting-up.
Thin picot doji style hitting top bollinger band for the 2nd time, MA14 crossing over MA20 BUT at a time where MACD is toping, with signal near touch entering above area, RSI starting to bend down from the 70 area, and OBV in line with RSI, all of this at the same time. Parabolic SAR has got a very far point with quite large distance from previous point. Reversal may occur while it will still print a few rising points before first bearish point appears.
When I see this I thing south.
However, kiwi is technically in the no-mans-land atm, no trading decision should be taken because it has crossed above its 100% Fibo retrace from last bottom, and only above 0.82 would be a nice point to shot upward to go long.
Keep eyes open in case a shoting star may form, it then would be opportunity to shot above 0.82.
All this into consideration, my favorite position remains to keep short now. Why and how? Because RRR is big now, and a nice entry set-up would be on a top picot around area 0.81607 but with a step out & reverse above 0.82+17.5pips (or adjusted to waving range in place at that time).
If short now succeed, possibly there is potential of 1k pips north.
Historically, last such configuration happened from 2011.08.31 0:00 to 2011.10.04 0:00 if you scroll your D1 chart and set all the indicators I have described and compare with current situation. However this time the movement may be accelerated with the tapering fear, may create that same 1k pips range but a bit quicker. The security key of this deal is the tapering. If the bottom support doesn't crunch with Tapering fear (more upon fear than actual real act), then a nice bounce is also good to play to continue oscillation along the current trend. And swap on long is positive.
Mind the overnight swap short is quite high, but you may hedge with double counter position during upward waves taking place along the downside move to protect your main position and cover the swap fees. The principle is to open a double size reversed position. Result is same size opened but reversed way. This stop the draw down and allow you to take profit of a double size gain while keeping same margin use. Also consider position building along the way on top of any pullback, at closing of your counter position.
There is quite a good potential here, assuming the configuration I described take place.
The risk is that currently an upward channel as began on D1 with current move pointing to 0.81958 as top barrier of the channel. Crossing this is a break, bouncing from that break may shot very higher. This in case tapering fail to come or sudden very bad bad sentiment about US recovery. Kiwi economy strength is quite good atm, but is also being currently threatened by a too strong kiwi dol exchange rate.
So key words, shot down short around 0.81607 if we see again, but mind if 0.82 area shows up. On break & confirmed bounce, huge buys may push very higher till got frozen by tapering.
You have all your week-end to check this deal dear Club members. Enjoy.
Personally I'm in already and this is how I'm gonna play it. Off course it may not work, as always, but as I also always say, it has scientifically been demonstrated that 100% of all winners did actually play.
