Akil_Stokes
Short

NZDUSD 1 Hour: Potential Short w/a Few Different Entry Options

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Despite an inverse reaction to yesterday's FOMC minutes, I'm still looking to be bearish the USD as we anticipate a rate hike in December. Being a technical trader, my fundamental views won't affect what opportunities I take, but it can beneficial when they both line up on the same side (for those of you who remember the USDCAD             trades over the summer).

Anyways, I'm looking for a short opportunity here on the Kiwi (which is also one of the weaker currencies) as we look to retest previous structure resistance for the 3rd time. Yup, 3rd time which means our double top has already occurred and we can now look for a......26-18 for a potential entry.

A little hard to see on the hourly, but the view get's a lot clearer down on the 15 minute chart for you day traders. There's also a bearish Cypher pattern hidden in there for you advanced pattern only traders, or for those looking for an aggressive entry into the 2618.

We'll look at this more in the live room today and remember gang, it's THURSDAY! So that means my Weekend Review video will be out. Make sure you head over to youtube and subscribe as I'll be doing a training lesson on the 4 Stages of trading and the evolution that a trader goes through. Just type "Akil Stokes" in and it'll take you where you need to go.

See ya!

Akil Stokes
Chief Currency Analyst & Trading Coach
http://www.TradeEmpowered.com
Comment: Noticed that I said "bearish the USD" I meant "Bullish the USD" Had bear on the mind because that would mean bearish the NZDUSD
Learn to Trade at https://tradeempowered.com/ "Empowering Traders Worldwide"

Sign Up For My FREE Weekly Trading Video -
https://buff.ly/2h1ltak

Watch Our FREE Training Lessons & Workshops
https://tradeempowered.com/learn-to-trade/


Akil, looks like this one didnt work out, but any insight from a pattern trader perspective?
+1 Reply
Yeah we just barely missed the Cypher fill this morning,but I wouldn't have taken those targets anyway so a scratch trade either way. I don't have anything pattern wise on my radar for this pair coming up.
Reply
marcus123 Akil_Stokes
thanks!
Reply
where could it can go ? Could you please give target ?
Reply
Very Clean chart! That's how I like it.
NZDUSD: TWO WAYS TO DRAW A TRENDLINE(Special Thanks to Mr. West)
Reply
moorekapital moorekapital
Obviously, there's a MODE (S/R) to the left , where you rightly point to. Imagine the amount of time we spent at that price ^-^
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out