heiken ashi

NZDUSD Short After A Strong Bearish Impulse. Synergy Bars (Heiken Ashi). Fibonacci Extensions.

  • Posted on: 21 July 2015
  • By: strategist
NZDUSD Short After A Strong Bearish Impulse. Synergy Bars (Heiken Ashi). Fibonacci Extensions.

On Jul 15 a strong bearish synergy bar closed on the daily chart for the kiwi (NZDUSD). The fundamentals were also in agreement (negative New Zealand economic indicators and a strong USD) so I executed a short. I set a break-even point at 127 Fibonacci extension of the previous leg down and executed my break-even Expert Advisor to watch when the price action hits that point. My take profit was set at Fibonacci extension 138 of the previous leg down since it was way past the third leg of the down trend (fourth or fifth leg already) and a danger of trend waning was at hand.

EURUSD Short after Technical and Fundamental Analysis Agreement. Heiken Ashi Bars and Greece Situation.

  • Posted on: 29 June 2015
  • By: strategist
EURUSD Short after Technical and Fundamental Analysis Agreement. Heiken Ashi Bars and Greece Situation.

The Greek situation was definitely not going well as Tsipras & Co. were gambling with the patience of EU top dogs, etc. The Greek bailout was soon due to expire (Jun 30 2015) and there was still no agreement. I was surprised at how EURUSD was still holding up. The fundamentals were definitely in USD's favor.