care to give any reasons or a chart???
4H
Daily
GBP/NZD... this Pair is Amazing!
- #261
- Edited 3:05am May 26, 2017 2:40am | Edited 3:05am
4H
Daily
- #264
- Jun 1, 2017 6:02am Jun 1, 2017 6:02am
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
- #265
- Jun 1, 2017 8:53am Jun 1, 2017 8:53am
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
- #266
- Jun 1, 2017 8:55am Jun 1, 2017 8:55am
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Looks like there is no stopping on the way down for GBPNZD. Still lots of selling pressure. Is getting close to a monthly demand so it might bounce a bit there. 4H chart {image}
Don't Worry Be Happy
- #268
- Jun 2, 2017 9:37am Jun 2, 2017 9:37am
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
- #269
- Jun 5, 2017 6:18am Jun 5, 2017 6:18am
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
- #270
- Jun 6, 2017 10:22am Jun 6, 2017 10:22am
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
I`m still holding my short. The daily trend is still bearish. They are now making an ascending flag which could indicate more downside. I`m anticipating a break of the 4H trend line soon. If they break and tell us that they are making a pullback, I will take off my short and consider to take a quick trade to the upside before going bearish again. I am considering staying out of sterling and maybe euro trades for the elections.
I closed my short too soon in anticipation of the pullback. Downtrend still seems strong. I will have to wait for them to reach the bottom trend area and forecast. My bias is bearish long term, but they have to make a big retrace to the 50% Fib first.
They might break the bottom trend line hard first as I see when they break out of consolidation (green boxes), they seem to make a big move down.
They might break the bottom trend line hard first as I see when they break out of consolidation (green boxes), they seem to make a big move down.
I`m not in any trade as my short were closed too early. It seems the pullback is only coming now.
There are divergence present as confirmation. I will probably wait for break of the previous high at about 1.7544 and then some consolidation / descending flag pattern before any buys. NZDUSD bearish trend may also be starting which could cause a strong fast GBPNZD bullish pullback before continuing the down trend.
There are divergence present as confirmation. I will probably wait for break of the previous high at about 1.7544 and then some consolidation / descending flag pattern before any buys. NZDUSD bearish trend may also be starting which could cause a strong fast GBPNZD bullish pullback before continuing the down trend.
- #276
- Jun 29, 2017 7:30am Jun 29, 2017 7:30am
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
Excuse the many lines. Bullish trend could be established.
They seem to be making a head & shoulders now which could fake us out?
My view changed a bit on the bigger picture. I might be taking off my TP, keep on adding trades and ride this amazing pair for a few months or 6.
On the other hand I will exit and go short if this is just a bullish retrace to one of the fibs.
What do you think?
They seem to be making a head & shoulders now which could fake us out?
My view changed a bit on the bigger picture. I might be taking off my TP, keep on adding trades and ride this amazing pair for a few months or 6.
On the other hand I will exit and go short if this is just a bullish retrace to one of the fibs.
What do you think?