DislikedAn example of the wave analysis in conjunction with the theory of the trend is possible to see today in the GBP / NZD. We see that in my opinion, the wave 5 is complete, but continued downward movement today, according to the trend. Using H1 to determine the nearest target and market trends, we can see that here, just a formation of the correctional wave 4 and can be expected to decline to the support level of 2.0614, thereby forming wave 5 For lovers of exotic patterns, I can assume that is the formation of "cup with handle". Thus, we...Ignored
An effective strategy and account with stable profit!
Today, NFP. Only a few minutes before the start. I propose to consider the options of movement EURUSD and GBPUSD. A more likely for me is a downward movement, since then the movement will be respected within the channel. But. Perhaps, the NFP decision will adversely affect on the dollar and then the price will go far up, thereby breaks the channel.
- #187
- Edited 10:31pm Apr 2, 2016 5:08am | Edited 10:31pm
Today, NFP. Only a few minutes before the start. I propose to consider the options of movement EURUSD and GBPUSD. A more likely for me is a downward movement, since then the movement will be respected within the channel. But. Perhaps, the NFP decision will adversely affect on the dollar and then the price will go far up, thereby breaks the channel. {image} {image}
Well done as always!
BR, alex
My trading Monday ended with these results:
GBPNZD rested against support at 2.0611 and promptly went to test the higher level (2.1440).
GBPUSD also rebounded. From the resistance at 1.4325. And now, if price breaks current level of 1.42820, we can expect the fall to a level below (1.4225)
Today, I have a profit!
GBPNZD rested against support at 2.0611 and promptly went to test the higher level (2.1440).
GBPUSD also rebounded. From the resistance at 1.4325. And now, if price breaks current level of 1.42820, we can expect the fall to a level below (1.4225)
Today, I have a profit!
The forecast on NZDUSD:
short positions in relation to motion of the graphic in the channel trend. The decline can last up to support level 0.6740.
Stochastic indicates overcome level 80, which is a signal to sell.
Please note that I use the indicators as a confirmation of my predictions, and not as a signal source. This symbiosis allows to achieve good accuracy.
short positions in relation to motion of the graphic in the channel trend. The decline can last up to support level 0.6740.
Stochastic indicates overcome level 80, which is a signal to sell.
Please note that I use the indicators as a confirmation of my predictions, and not as a signal source. This symbiosis allows to achieve good accuracy.
My opinion is that growth is already completed, the price is clearly touched the resistance will fall, likely
In addition, we can consider that the rebound from the resistance in the form of a shadow of a candle - a reversal pattern and a sign of a strong resistance level.
Therefore, my prediction is that remains: for the purpose of sale of 1.11625 (close) 0.9020 (next)
In addition, we can consider that the rebound from the resistance in the form of a shadow of a candle - a reversal pattern and a sign of a strong resistance level.
Therefore, my prediction is that remains: for the purpose of sale of 1.11625 (close) 0.9020 (next)
