NZDUSD - Bears have made their move - time to wait

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
144 3 7
Greetings Fellow Traders,

2016 has been off to quite the volatile start. Hopefully this bearish strength has not caught anyone off guard. At .66000 my NZDUSD             trades were closed - I mentioned in 2 other posts we were aiming for the .6590 area as this is the key technical level that matters to the market.

What next? Patience! Now is the time to not be overly ambitious and get into a trade on NZDUSD             unless you are a true very low time frame scalper. If you're like me, you enjoy your hobbies, get some work done, something not in a NZDUSD             trade. Bears clearly have control of the market on the higher time frames ( daily chart shown below) however bulls stepped in at an expected level (or maybe some bears just left, like myself taking profit). From here in order to stay bearish we are looking for a break of the solid blue line, a confirmed break. This means a daily close, it's possible for a weekly close as well.

In either case, once the level has been confirmed to be broken, wait for retest and join in on the trend continuation.

Look for consolidation over the next 24 hours, if it forms a decent pattern you can look into trading that as well!

Feel free to like/comment/follow or add me on telegram.
thanks bro at least we are on the same page
Synapse GoodLuckbabe
:) Next week or two provided a close below .6585 should bring more downside for NZDUSD - I'll post an updated analysis after the markets close.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out