AnonJ

AnonJ

dropping 110 pts at this point, thoughts?

AnonJ

Look at the yellow analysis An ascending triangle is forming The horizontal resistance on top is most likely to be broken so place a buy order an take profit at 107.5 Some news suggest also this pair is going up www.fxstreet.com

AnonJ

Sell limit @ 0.91

AnonJ

It's flying back up Approximately 80 pips (length of triangle)

AnonJ

broke out support on blue trendline, now following the black one i have a strong feeling it's going to break out the black one and fly (because of that restest), but stay safe and enter buy trade after it breaks out the black resistance place buy stop order @ 1.1914

AnonJ

Some news is suggesting that NZD is going down, so this pair is going up to the daily chart resistance trendline the producer price index came out lower than expected

AnonJ

If it breaks the support trendline, it will melt toward the next support trendline. sell stop order at 0.902.

AnonJ

I was wrong about the head and shoulders pattern earlier, this might be a good opportunity though.

AnonJ

black arrow means almost sure it's going that way. blue arrows mean place stop orders above and below trend line because both ways are possible

AnonJ

Double bottom bullish pattern Up to next resistance trend after breaking two resistances

AnonJ

Is this a good analysis or am I going too far? Help out with comments.

AnonJ

I would buy and tp at 60.0 just under resistance. And place a buy stop order just above resistance at 62.0 sine it's a double bottom pattern and the resistance on the head would probably be broken.

AnonJ

I previously published an idea built on the same trendlines but with the conclusion of the blue arrows. Now, I Would still count on the trend lines as the approximate forecast, but I would fallow the fib retracement as a more accurate forecast, I suggest counting more on the red arrows.

AnonJ

trendline and horizontal support. not many confirmations on this one so enter at a bigger risk. Sell now and stop loss around 1.335 right above trend resistance.

AnonJ Updated 

it might bounce down to the intersection of horizontal support and trend support before bouncing back up. what do you think?

AnonJ

another analysis of daily chart, I think intersections of trends are very strong indicators of reversal

AnonJ

down to support then will break resistance.

AnonJ

Intersection of trends will make trend drop till next support. Very strong forecast I Would recommend trading this one.