finally,gave a good signal on 4h,i think its getting close to start moving up 17070 is very good price to buy...talking about poss. more than 200 pips target in coming 24 hours
finally,gave a good signal on 4h,i think its getting close to start moving up 17070 is very good price to buy...talking about poss. more than 200 pips target in coming 24 hours
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I`m still waiting for them to break that previous low and then look for a buy signal.
{quote} I`m still waiting for them to break that previous low and then look for a buy signal.
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you could be right brother,daily trend is still down,,i followed the 4h chart and some weird breakouts in it,,i did buy it again after i got stopped out,right now its 16922...hopefully not to reach mu 4h stop 16885
{quote} you could be right brother,daily trend is still down,,i followed the 4h chart and some weird breakouts in it,,i did buy it again after i got stopped out,right now its 16922...hopefully not to reach mu 4h stop 16885
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I missed this one, but went long on GBPJPY instead. I will be watching for a short in the 1.758-1.76 area.
right now its 1.7136,4 h res. @1.7158,a daily res. @1.7167,another daily res. that breaking it will turn it into bullish on daily basis 1.7232,these #s are for today only,tomorrow will be smaller numbers so it could be bullish tomorrow if price doesnt slam down with the coming news today,right now im placing a sell limit order @ 1.7155 with stop 35 pip or 11 med sma go over 1.7167 on 5 min. chart...whichever comes first
stop loss or take profit for this case is 20 pips under 50 wma close on 1h chart
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So I decided to go long at 1.71326 and were surprised when RBNZ IR did not just cause a spike, but acted as catalyst and they just kept on going. Amazing. My TP is at about 1.765 when I anticipate a huge down move. Either way I will first see what they are doing in the 1.76 area if they were to get there before planning the next trade.
The pair is in consolidation now same as NZDUSD and EURNZD. I might add another long if they pull back to the 1.735 area.
They may or may not pull back as pound strength may come into play at London open.
