NZDUSD Regular Bearish Divergence on intraday chart

2 min read
tarantula fx

tarantula fx

Forex broker

2015-08-18_9-55-42

Last week NZDUSD dropped by a huge percent after PBOC devalued Yuan. Usually soft commodities ( AUD ) perform better then hard commodities ( NZD ), but this time NZD also dropped by a volatilty caused by devaluation. The pair is correcting itself now, and technically it shows Regular Bearish Divergence on H1 chart.

V Shaped Reversal that happened has retraced the pair to the level where it was sold instantly ( 0.6650 ), Next wave of sellers is showing up at POC ( H4, historical sellers, 61.8, regular bearish divergence ) at 0.6600 zone. Pullbacks towards 0.6600 could be used for further shorts towards 0.6550-40 and only a momentum break or 4H close below L4 ( 0.6540 ) would target 0.6510-00. Pay attention to the triangle as vortex of the triangle is close so, if the pair rejects from POC it still needs to pass below DPP/L3/Triangle lower TL ( 0.6550-40 )

Follow @TarantulaFX on twitter for latest market updates

read the original article on AdmiralMarkets.com
 

 

Fibonacci Trading Strategy & Tools

Learn to apply Fibonacci rules and tools in your trading routine.

* free Fibonacci Handout

* actionable trading strategy & faq’s

* precise trading examples 

Free Forex & CFD Range Bar Trading System

In this trading system you will find: 

✅  range bar strategy pdf

MACD Alert

✅  Range Bar EA & Indicators

ecs.heiken-ashi-system & two indicators for trend-following

Two of our favorite indicators for trend-trading. 

✅  ecs.camarilla & ecs.heiken-ashi indicators

✅  actionable trading system & faq’s

✅  precise trading examples 

ecs.camarilla🎯🎯🎯 – versatile strategy & indicator

Nenad teaches how to apply his favorite camarilla indicator

✅  free ecs.camarilla indicator

✅  actionable trading strategy & faq’s

✅  precise trading examples 

ecs.SWAT🎯🎯🎯 – Wave Analysis Trading at It’s Best

Chris goes an extra mile to provide the most comprehensive
wave analysis trading method on the market.

✅  8 hours of video materials via 25 lessons

✅  lifetime access to SWAT indicators & tools

✅  free month of live trading

*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀  

Fibonacci Sequence Trading🎯🎯🎯: Wizz Tool & Strategy

Wizz allows traders to know when and where price is expected to accelerate
and show strong momentum.

✅  Fibonacci Sequence Scripts – Wizz*

✅  Handout Strategy

✅  Tips & Trading Wisdom

*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀  

ecs.START🎯🎯🎯: Tools, Indicators & Handouts

Our most popular trading tools and wisdom are FREE now. Join and receive a
mix of practical education and actionable trading tools right now.

✅  Fibonacci Sequence Scripts – Wizz*

✅  HA and Fibs Indicators & Handouts

✅  Money Management Tips & more…

*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀  

Subscribe to our mailing list

* indicates required


Subscribe to our mailing list

* indicates required


ecs.START🎯🎯🎯: Tools, Indicators & Handouts

Our most popular trading tools and wisdom are FREE now. Join and receive a
mix of practical education and actionable trading tools right now.

✅  Fibonacci Sequence Scripts – Wizz*

✅  HA and Fibs Indicators & Handouts

✅  Money Management Tips & more…

*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀