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

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
325 16 7
Buy Limit: 0.646

SL. 0.64

TP. 0.65




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

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

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..

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

Great Trade J. Absolutely great
Thx.. buddy.. it still hold bullish patterns.. so i will be looking to buy again on dip and consolidation..
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
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..
This is my verdict ;)
+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.. :)
I'm in. thanks for the post mate. :)
+1 Reply
jhakas Amina66
stay tight and Good Luck!
i am bearish this pair because of the strength of the $index. The weekly chart of this pair is bearish as well
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..!!! :)
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