In this brief post I’d like to share a review for the GBP/NZD that has been requested by a follower.
The video is very brief and it is part of my FibStalker Free Newsletter.
On the large time frame (weekly and monthly) this market shows a confirmed end of move lower and is now crawling higher.
Weekly and Daily timeframes show and healthy sequence of traditional measured moves higher. The market appear retracing or having retraced into the 1.9960 area (but front run too big) with the potential to bring price higher into the 2.1580 area.
The 1.9960 area could be retested again and below 1.9696 a re-test of the next level of high probability long participation (support) 1.9380 is possible.
Here is the video analysis:
Note that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.
My method helps “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow me to learn how to spot the Algorithmic Trading footprints.
I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.
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Have a great week ahead.
Giuseppe, the FibStalker