NZD/USD
Time: 07:30 Rate: 0.7945
Strategy: short
Considerations:
Weekly time frame:
Wolf deviation in the indicators – potential for short in a shorter time range.
As can be seen by the graph bellow:
Daily time frame:
Opening of the week on the downward graph after a continuous upward movement of 880 pips
There was no third retracement in the upward movement
The resistance point of the high – 0.7980 5 of November 2010 (purple line)
The round resistance point – 0.8000
The level of 127.2 Fibonacci in 0.8018 of the downward movement C-D
As can be seen by the graph bellow:
:4 hour time frame
Short in the breakdown of the candle’s low (black dashed line)
First target the retracement area of 23.6% Fibonacci + round number 0.7800
Second potential retracement target 38.2% Fibonacci 0.7670
As can be seen by the graph bellow:
:Potential Trade
Short in the candle’s low breakdown 0.7920
Stop: 0.8030
First target: 0.7800
Second target: 0.7670
AUD/JPY
Time: 08:30 Rate:8765
Strategy: Short
Daily time frame
Considerations:
Stop in an important Fibonacci level (161.8%)
Continuous upward movement of 21% without retracement
Reversal Japanese pattern called “black cloud”
As of now, CC150 >100 entrance to short in the condition CC150 <100
Technical retracement target (38.2% Fibonacci) 84.20
As can be seen by the graph bellow:
:4 hour time frame
CC150 < 0
Enter in the breakdown of 86.85
Completed pattern AB=CD to a short target 85.40 (potential D point)
As can be seen by the graph bellow:
:Potential Trade
Short in the breakdown 86.85 in condition CC150<100 in the daily time frame
Stop over the last high (4 hour time frame)
First target: 86.85
Second target: 84.20
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