jhakas
Long

NZD/USD Long Setup with SL. 0.64 and TP. towards 0.66

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
324 16 7
Buy Limit: 0.646

SL. 0.64

TP. 0.65

0.654

0.658

0.66

0.654
Comment: Trade Active
Comment: Nu @ resistance.. after breakout..

snapshot
Comment: opps! wrong chart.. here is correct one..

snapshot
Comment: Nzd @ big resistance.. of 0.658 and getting resistance from 100 sma on daily.. break of 0.66 will lead to 0.662 and then our target of 0.665
Comment: 4hr nzd chart..

snapshot
Comment: NZD/USD hit all my targets.. 0.664

I am out with 180 pips.. will buy again on dips.
Comment: nzdusd new buy setup

NZD/USD Buy Setup
Hi
i am bearish this pair because of the strength of the $index. The weekly chart of this pair is bearish as well
Reply
bearish consolidation can take place.. but if it remains above 0.64 then bulls will remain alive..!!! I think both aud and nzd are in mood to correct high.. we have a nice friday daily candle in favor of bears.. :) but things always change... i hope you enjoyed upside of uj..!!! :)
Reply
Olu jhakas
I hear you J. Loud and clear
+1 Reply
:) thats what makes bulls and bears healthy lol kit kat chat :)
Reply
there are different factors.. i am going long on nzd... though bearish sentiment still prevails and friday daily close is good example of it.. but if you notice.. nzd is keep on ruining bad data candles with spike ups.. so thats something interesting to note..

Check this 55 sma on 4hr and let me know what you think..

snapshot
Reply
check this deal as well of 2 days ago.. totaly against trend..

NZD/USD Buy Setup
Reply
Olu jhakas
I agree with you NZD can be a bit of an animal.
+1 Reply
0.64 gone.. bears will be in complete control.. and trend will be restored.. but if nzd remain above then expect 0.66 soon and high.. i am expecting 0.654 soon.. regardless of friday bearish candle of daily tf.
Reply
I'm in. thanks for the post mate. :)
+1 Reply
jhakas Amina66
stay tight and Good Luck!
Reply
This is my verdict ;)
NZDUSD: REMAINS A SCALPER
+1 Reply
jhakas moorekapital
Verdict lol :D

well for now any move below 0.64 will be bearish... and i will be watching weekly close again.. as weekly close below 0.6429 will confirm bear trend to resume... but for short time.. nu.. holds bullish setup and i expect 0.654 soon.. but real challenge will be 0.657/8 area.. which is extremely big resistance.. break of that will confirm for more upside for short time..

One thing to clear.. i am always not bear or bull.. :) if i see bear setup then i will join bears :D but for now i only see bullish setups.. :)
Reply
Hi Jhakas

Just logged on to give you a thumbs up for this trade idea. I am terrible at calling counter trend trades. Well done
Reply
thx buddy.. there is nothing bad sharing opposite ideas.. the thing is to must share ideas.. thats where we get good directions for both sides..

for now if this support holds 0.645 in coming sessions then 0.658 is on its way..
Reply
Great Trade J. Absolutely great
Reply
Thx.. buddy.. it still hold bullish patterns.. so i will be looking to buy again on dip and consolidation..
Reply
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