Really interesting to see your analysis. Are there any other setups forming on any other pair, on your watchlist? How do you recognize the traps? Would be really greatful for the answers.
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DislikedReally interesting to see your analysis. Are there any other setups forming on any other pair, on your watchlist? How do you recognize the traps? Would be really greatful for the answers.Ignored
DislikedYour every post is a lot of learning for me, thank you. Now I have a chart to analyse. I am newbie in this, so I was wondering how I could spped up the learning process, could give me any point I should start from? I mean where I could get needed information? Just don't want to waste my time on most of the BS info here and there. Thanks a lot.Ignored
DislikedAnd btw do you look for special places for an entry? For example for a AUD/NZD short wait for a spike up, maybe making a new high and fast reversing? Or maybe you have other techniques to find such enty opportunities? Your answer would be exteremly helpful for me.Ignored
DislikedAs I assume one of the reasons you think more buyers are trapped on AUD/NZD is lower lows, no?
Another one as you said fast departure from the highs.Ignored
DislikedAnd btw do you look for special places for an entry? For example for a AUD/NZD short wait for a spike up, maybe making a new high and fast reversing? Or maybe you have other techniques to find such enty opportunities? Your answer would be exteremly helpful for me.Ignored
DislikedHi, thanks for all the explainations, very much appreciate that. Do you also consider that big boys might have started run for profits phase today? What I see is this pair is in a wide range, where it is not clear which side the pair will be pushed. On the weekly TF it looks like a falling flag, a pattern as I understand would mean that smart money is stop hunting every trader that is trying to play on the continuation of recent upmove on the weekly TF. But the last weeks bottom held showing some resistance. Atm I don't try to predict major moves,...Ignored
DislikedGuys, just have in mind RBNZ cut the rate leaving space to cut even more.Ignored
DislikedZappa, I do believe your analysis are correct. I am also watchin N/U for a stophunt off the reccent low to take a long trade. What do you think about E/U? Do you think price is making upmove to test the highs and maybe trapping more buyers on the highs? May I also ask, when you started analyzing the price with such mindset, I mean how long it took you to where you are now. Thanks for your answers.Ignored
Disliked{quote} I think I started looking at it from a liquidity stand point about 3 years ago. .Ignored
DislikedHey Zappa, Can I ask for your opinion for NZDCAD short, if would retest 0.84xxx I'm thinking to short it. Atm we have monetary policy divergence if I'm not mistaken, BOC interest rate unchanged while RBNZ cut and concluded that some further easing seems likely. Also weekly trend line from 2008 is broken..see the chart. Thanks {image}Ignored