Technician
Short

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

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
2767 26 40
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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been waiting for this a while
Reply
vila metaldome
I'm with you, first target 0.7240. Good luck
Reply
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
Sorry guys I've been talking about AUD/USD. Disregard my comment.
Reply
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
Hi, once you reach your first target, Are you entering a new sell position after a retracement of price to reach target 2?
Reply
This is my input guys. Thanks for the analyze Technician.
Level To Watch: #NZDUSD Drop on Trend Line Test
Reply
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
you already in?
Reply
technician r u still in this trade
Reply
The trade is active mates
+2 Reply
kmk.msp Technician
Great, wish you heavy profit...
Reply
Thanks
-1 Reply
The first target achieved.Nice idea mate.
Reply
Technician TOP Barabaszek
Hey Barabaszek, long time no see my friend
-1 Reply
Technician TOP Technician
Update: First target reached, moved stop loss to break-even.
Reply
Barabaszek Technician
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
snapshot
Reply
Update, Full target reached.
+2 Reply
ArtC Technician
hi technician..
Reply
ArtC ArtC
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
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
Now, it broke neck line of Double bottom formation. I go long for this one.
Reply
I like to wait for a retest and confirmation candle
+1 Reply
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