FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Dear traders,

Here is a new POTENTIAL LONG signal on NZDUSD :
Entry, SL and TPs on daily chart .
I'm trying to make up a bit of education on my strategy as some traders asked me about.
Time frame analysis :
- Monthly : not on the chart above, but bearish . Momentum is decreasing so we could interpret this as slowdown of bearish PA.
- Weekly : Here we see with the blue curve along low TMS RSI that we "may" be bottoming on the short term. If confirmed, then a pullback to upper range of BB/PAC is very much possible.
- Daily : Not much PA but TMS is nearing RSI50 that is a strong resistance, but in case this is broken we could see a big movement to the north.
- 4H : This is where it's getting interesting, all indicators are flattening (?) around RSI50 on TMS . That could lead us to think of bigger movement coming and end of consolidation.

This is not a signal just a few hints to explain why I'm looking at this pair, and why I would open a long if several criterias above are confirmed.

Trade with your own diligence,
Comment: This long is not yet validated. 4H was a false breakout however it still behaves nicely. Weekly is very important to see if we continue to accumulate before exploding north.
Comment: Long has been validated yesterday and I'm actually in this long. GL HF!
Comment: That was fast! TP1 hit!
Comment: Closed 20%@TP2. 60% remaining@BE.
Comment: Closed 20%@TP3! SL@TP1
Comment: Closed 20%@TP4! SL@TP2.
Nice trade.
Trade closed: target reached: Final TP hit! Gratz everyone.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out