redsox11:
All the charts here is telling you one thing. Who can tell me what that is?

redsox11:
All the charts here is telling you one thing. Who can tell me what that is?

alphaNomega:


Make up your mind

If you get it wrong, learn from it.

Edd1e:

USD is in control and weak.

alphaNomega:


Your MT4 has been offline since February

redsox11:
Are we? or you will prefer to see a down red candle before thinking about going that way?

Ps: Careful with your gbp trades.

PJAMES1:
I know I have talked about EURNZD before. And how I was expecting a significant upside move. It appears we have that coming into play now. Weekly chart shows an incomplete head and shoulder pattern. But I am not thinking short yet. And I don't think the pattern will be completed now.

Weekly chart also shows a clear double bottom pattern.

Daily chart shows more details. There is a clear break of the trendline and it has been retested. The trendline held as support.
Also, I personally don't do much of Elliot Wave analysis but from the little I have learned from the charts of those who do.. I also believe we are seeing an ABC correction of the downward move that started in October 2018 and ended in December. A and B already completed.. C, the last part of the correction has started and would target 50% of the original downward move. This corresponds with the upper resistance I drew. That 1.7110 area.

The four Hour chart shows a clear inverted head and shoulder pattern. A pull back to the green line (neckline) area gives an opportunity to go long. The experts teach to allow he trade come to one. If it doesn't, one should let it go. The pullback gives a reasonable Risk Reward Ratio.

So from a technical point of view, medium to long term, EURNZD is up.. Then downnnn (on completion of the correction). In the next down impulsive move, I speculate the neck line of the weekly head and shoulder pattern will be broken.

But what do I know? I am just a learner putting out my perspectives on pairs. And who is striving to be better. This is not in anyway a financial advice. And trading decisions should not be based on this. Let us see what happens.

sats:


please which broker will you be going live with?
i am confused on who to go live with

PIPnator10:


Baba you cant possibly be that slow. The take from the chart I posted earlier is easy but for your sake, I had to go put those arrows of what price might possibly do. I hope you get it this time.

SOME TAKE FROM THE CHART
~ Previous weeks candle closed bullish with a pin bar which suggests possible buying opportunity.
~ There is already an inverse head and shoulder pattern in the 4hrs chart as marked with blue.
~ The chart was analysed on higher time frames between weekly, daily and 4hrs which means, minor sells might happen within the 1hrs and other lower time frames.
~ The idea behind the trade is to looks for possible trade that will bring in huge pip return, possibly over 200pips (long term trade) and taking a buy presents that opportunity more than a sell.
~ I always use the word possible to suggest also I might be wrong, neither me no my papa owns the forex market. I only show what might likely happen.
~ It's a new week and most times within the new week, price will normally go against the trend and tend to start making corrections from late Wednesday down to Friday which is why i suggested previously price might drop to the support before it starts making the bullish run.

alphaNomega:
[s][/s]

Like I said, make up your mind.

meshpips:
It has been FREE FALL on GBPUSD since last week.

Who can be audacious enough to tell us where the selling will stop?

Give it a try guys! Let's hear you.

Sunnycliff:
GBPUSD Sell 1.2132
Tp 1.2100
SL 1.2150
GBPJPY Sell 131.75
Tp 131.00
SL 132.00
GBP CHF Sell 1.2028
TP 1.1990
SL 1.2050

redsox11:


Boss, sharp as always.

Thanks boss.
We are still waiting for our scalping tutorial o . Keep up the good work boss.

alphaNomega:
[s][/s]

Like I said, make up your mind.

Your notion about trading is wrong. Trading is all about if and then scenario, if this doesn't work then that should.
You keep shouting "make up your mind" even when he explained in simple term and with chart. smh.
You can as well move on and share yours if you don't like his analysis, after all here is all about trading education.
Educate us too

meshpips:
It has been FREE FALL on GBPUSD since last week.

Who can be audacious enough to tell us where the selling will stop?

Give it a try guys! Let's hear you.

meshpips:
It has been FREE FALL on GBPUSD since last week.

Who can be audacious enough to tell us where the selling will stop?

Give it a try guys! Let's hear you.

7Alexandre:


Imminent Reversal Possible @1.2110

Please see chart below

Bought @ 1.21320

Moved stops to Breakeven Already...

Risk Free Trade

bojbest:


1.12100 is a place bulls could take over.
Till august 1 after the inflation report on Gbp pairs, if there is a good data, bulls could win. But if its a bad data London bridge had fallen b dat

7Alexandre:


Imminent Reversal Possible @1.2110

Please see chart below

Bought @ 1.21320

Moved stops to Breakeven Already...

Risk Free Trade

bojbest:



You should have waited bro. You may not ve luck to break even next time

bojbest:



You should have waited bro. You may not ve luck to break even next time

meshpips:


His entry is okay IMHO.

meshpips:


His entry is okay IMHO.

currentprice:


Just to let someone that follow the trade know that I want to close this trade .

I am taking out my little gain left now. I will be looking for new trade opportunity. I have over held the trade more than the period I expect it to drop

currentprice:


hmmm. oyel still find it difficult to take direction.

i am going in again shortly