{quote} hi anil, look at my 2015.08.24 candle? your chart candle is .62420 [i think] what hapnd? {image}
- #10,601
- Jan 10, 2016 11:03pm Jan 10, 2016 11:03pm
- Joined Jul 2013 | Status: Trader | 1,738 Posts
- #10,604
- Jan 11, 2016 5:38am Jan 11, 2016 5:38am
- | Additional Username | Joined Dec 2015 | 3,529 Posts
- #10,607
- Jan 11, 2016 6:20am Jan 11, 2016 6:20am
- Joined Mar 2014 | Status: swimming with floaters and snorkels | 1,157 Posts
my first counting attempt.. assuming we are in wave 1 and W3 should be longer than W1, should market pullback soon? {image}
- #10,610
- Jan 11, 2016 6:51pm Jan 11, 2016 6:51pm
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
Money is made by sitting, not trading. Jesse L. Livermore
- #10,613
- Jan 14, 2016 4:42am Jan 14, 2016 4:42am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
It takes a lot for me to IGNORE you, but you can try.
- #10,615
- Jan 14, 2016 5:10am Jan 14, 2016 5:10am
- Joined Mar 2014 | Status: swimming with floaters and snorkels | 1,157 Posts
Technical analysis of NZD/USD for January 14, 2016
NZD/USD is expected to trade in a lower range . The pair broke below its intraday trading range pattern yesterday, and accelerated on the downside. The 20-period moving average also crossed below the 50-period one, and should act as a strong resistance to push the prices lower. Besides, the relative strength index is badly directed without showing any signals of reversal. To sum up, as long as 0.6540 (our trailing stop loss) is not surpassed, a decline to 0.6450 and 0.6400 should be expected. Trading recommendations: The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 0.6450. A break of that target will move the pair further downwards to 0.64. The pivot point stands at 0.6540. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 0.6585 and the second target at 0.6635. Resistance levels: 0.6585, 0.6635, 0.6675 Support levels: 0.6450, 0.64, 0.6365
NZD/USD is expected to trade in a lower range . The pair broke below its intraday trading range pattern yesterday, and accelerated on the downside. The 20-period moving average also crossed below the 50-period one, and should act as a strong resistance to push the prices lower. Besides, the relative strength index is badly directed without showing any signals of reversal. To sum up, as long as 0.6540 (our trailing stop loss) is not surpassed, a decline to 0.6450 and 0.6400 should be expected. Trading recommendations: The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 0.6450. A break of that target will move the pair further downwards to 0.64. The pivot point stands at 0.6540. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 0.6585 and the second target at 0.6635. Resistance levels: 0.6585, 0.6635, 0.6675 Support levels: 0.6450, 0.64, 0.6365
- #10,619
- Jan 18, 2016 5:26am Jan 18, 2016 5:26am
- Joined Sep 2014 | Status: Trader | 4,176 Posts
similar.
