Technician
Short

#NZDUSD Short term Forecast: Hit Hot Resistance | #forex

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
2758 26 38
Update(March 5): First target reached, moved stop loss to break-even.
Update(March 9): Full target reached.

I have been publishing multiple forecasts for the past few days, the price indeed reached my targeted resistance area at the 50-days SMA and 0.7620 before forming a bearish pin bar , which suggest a potential setback and resumption of the overall bear trend. For previous analysis check the related links below..

I already placed my limit sell order at 0.7575 level.

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
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Good luck, keep your stops tight..
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Technician
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metaldome
2 years ago
been waiting for this a while
Reply
vila metaldome
2 years ago
I'm with you, first target 0.7240. Good luck
Reply
Dimitris
2 years ago
Thanks for posting ! Regarding your entry @ 0.7575 just have in mind strong support area nearby (0.7750-0.7723) which could produce considerable bounce and endanger your position should your S/L were tight.
Best of Luck !
Reply
Dimitris Dimitris
2 years ago
Sorry guys I've been talking about AUD/USD. Disregard my comment.
Reply
No_more_Post
2 years ago
Nice, but for me I will wait until the price break the channel support.
Very nice trade set up Sir,
My Idea ======>
NZD/USD
Reply
jorge.ayerdi No_more_Post
2 years ago
Hi, once you reach your first target, Are you entering a new sell position after a retracement of price to reach target 2?
Reply
MisterTrader
2 years ago
This is my input guys. Thanks for the analyze Technician.
Level To Watch: #NZDUSD Drop on Trend Line Test
Reply
Casey_Yeo
2 years ago
Is your sell limit order still active? Just wondering whether the recent price action changes your mind about shorting. Price getting support from horizontal and trendline - 0.7500.
Reply
No_more_Post
2 years ago
you already in?
Reply
kmk.msp
2 years ago
technician r u still in this trade
Reply
The trade is active mates
+2 Reply
kmk.msp Technician
2 years ago
Great, wish you heavy profit...
Reply
Technician TOP kmk.msp
2 years ago
Thanks
-1 Reply
Barabaszek
2 years ago
The first target achieved.Nice idea mate.
Reply
Technician TOP Barabaszek
2 years ago
Hey Barabaszek, long time no see my friend
-1 Reply
Technician TOP Technician
2 years ago
Update: First target reached, moved stop loss to break-even.
Reply
Barabaszek Technician
2 years ago
I send You PM.
Reply
Mates, price is retracing after touching first target, a good level to watch is near 0.7500, broken support that may act as a near term resistance. If i see a pin bar there i would add again to my short.(Remember, that according to my rules, i closed half position at first target)
-1 Reply
Technician TOP Technician
2 years ago
snapshot
Reply
Update, Full target reached.
+2 Reply
ArtC Technician
2 years ago
hi technician..
Reply
ArtC ArtC
2 years ago
upss... missed the rest of the message ...
What do you think about the possibility of correcting up to 0.74300 / 0.74400 and continue to "fall" to the minimum this year (03 / February)
Reply
MuathAlBulbul Technician
2 years ago
Technician, can you please tell me how to subscribe to your paid analysis and insights? Thanks :)
Reply
Thanks Technician. I just noticed that rising trend line on 4H chart. This can give is a good long opportunity if we see a retracement.
 #NZDUSD 4H Possible Gartley Pattern
. There is possible Gartley on daily chart too
#NZDUSD Where it could be heading to? - Daily Gartley
Reply
gtaforex
2 years ago
Now, it broke neck line of Double bottom formation. I go long for this one.
Reply
Technician TOP gtaforex
2 years ago
I like to wait for a retest and confirmation candle
+1 Reply
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