Daily Technical Analysis

Forex Analysis – Selling NZDAUD Not yet| Lady line back in Week channel

Forex Analysis – Selling NZDAUD Not yet| Lady line back in Week channel

Last week i was ready to sell NZDUSD, and felt really sure that trade but ne’er arrived my entry point .69450 or formed a flag or nothing. Instead we had correction and was rejected close to lower price action for this pair in June and july 2016.

I was extremely surprised a couple of hours ago when the trade was opened bull, Why? in the Week time-frame I see lady line doing a fast upward correction inside the same channel we had been transiting since this year start. during this trading plan my Entry point was 0.71500 TP1 is 0.7300 and sl 0.70385. If the line arrives 0.73 will be critical to watch price action, because if it break that point the long run channel will be broken and we will see something like 0.78 or 0.38 Fibo retracement

Forex Analysis

Forex Analysis – NZDUSD – 4HR – shorting with great R:R

Shorting based on broken trendline, the trendline is being tested as I write this. Am expecting some consolidation in the consolidation box and a rally to the downside.

Forex Analysis

Forex Signal – NZDUSD buy.

30 Pip risk w/ 2 Micros – 4:1 Trade – Nice one candle fresh level on one hour chart and appears good on all other charts – Buying low on curve on pair wide range/uptrend – Fresh & Authentic – Permission to set and forget – Level on Level on hourly.

Forex Analysis

About the author

Mohammad Riad

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *



Recommended Broker

  • New_to_Trading_Guide_300X250_XFR.gif

Watch the Video

  • XT_Video_300x250_XFR.gif