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Medianlines

GBPNZD Ready For a RallyGBPNZD has been following this navy blue Schiff Median Lines' set. Lately fell out of it, but the odds seem to be with the buyers. It may go up, but there's strong resistance up ahead at 1.9755, so I wouldn't be surprised to see it fail to reach the lower MLH and stall at that resistance level. If failed though, another leg down may form. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
Long
by ForceFollower
4
AUDNZD In the RangeAUDNZD may be heading for the 1.091 multipivot level once again. But first another test of the magenta median line. The AUD is getting stronger, much more so than the NZD. Found support above the prior major low, broke the basic bear trend line and is ready to make another leg up in this trading range we've seen it since the beginning of this year. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
Long
by ForceFollower
3
GBPJPY is going upIdea is based on a combination of Elliot Wave theory, median line analysis and the use of Bollinger Bands. In addition Identification of support/resistance on the 7 close RSI has been carried out. The rationale behind this technical analysis is shown on the chart along with a specific target and stop loss. A close below this S/L will invalidate this idea. Please bare in mind that the target is not fixed, the longer it takes for the price to rise the higher the target will get. Good luck guys
Long
by NQunlocked
9
NZDUSD - Is the Rally... Fake or for Real?Current price action could be a fake move to the upside... Unless 0.8515 proves to be a tested support level. Dashed light grey Median lines plots the potential down slope (but could be invalidated if price goes higher). I expect the upside move to be capped not higher than 0.875 - 0.877. If price doesn't break this level, expect a test of support at 0.852, which if gives way could go all the way to 0.8265 to complete the broadening triangle's target. Also look for the daily close. A pinbar kind of set up near 0.864 - 0.863 could give some clues.
by justatrader
3
Good guy AUDUSD listens so well to Mr Elliot and Mr Andrews Idea is a based on a combination of elliot wave theory and median line analysis. The reasoning behind this technical analysis is a basic count of elliot waves combined with a longer term slope (please zoom out to see it). On the chart you will have concrete target and stop loss. Why I think wave i is about to end: price is sitting right against a top of a schiff pitchfork which I chose not draw on the chart to reduce clutter. Please check out the comments section!!. For those of you who will repeat the count of all the subdivided waves ---> RESPECT.
Short
by NQunlocked
21