Technician
Short

NZDUSD: Time for a short!

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
11846 49 294
4 months ago
I think NZDUSD             is likely to selloff in the coming days. The price hit previous major highs and resistance area but failed to sustain and was rejected noticeably. We hit the upper side of the rising channel, meanwhile, RSI is showing a negative divergence.

I placed a sell limit order around 40 pips away, for a better risk reward. The retails sales numbers are coming in few hours and if good may help the pair retrace higher towards entry.

All my ideas are just my personal view. Trade Your own view.

I have no incentive to post if i don't get enough support from you. Likes and comment. Appreciate your support..
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technician
3 months ago
Comment: U.S. retail sales pushing the pair higher. We are few pips away from entry.
3 months ago
Comment: Pushing back lower, Missed entry for few pips
3 months ago
Comment: Bounced but could be a new opportunity to short.
3 months ago
Trade active
3 months ago
Trade closed: stop reached
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bazforex22
4 months ago
I think the middle of a dangerous price
AUD CHF shorting good price now
good luck to everyone
Reply
ValeriuV
4 months ago
spot on, I published the exact same ideea an hour ago... hope it works
Reply
Dguaman
4 months ago
Why the open show at 0.72578 in 4H chart, if you just posted it 13 min ago ....
+1 Reply
Dguaman Dguaman
4 months ago
Actual price is 0.72130
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Technician TOP Dguaman
4 months ago
?? i am not sure what do you mean. It is a sell limit pending trade.
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Dguaman Technician
4 months ago
Now i understand, sell limit .. i though my pc was wrong ! Thanks Sir.
Reply
I agree with your idea since bearish divergence its in my trading plan!
It will suck if price keeps going down~
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ValeriuV CesarVicentdGalvez
4 months ago
not realy, if the price keep going down, we will get another entry after the pair breaks the up h4 trend. This time we will have even more confidence it goes down for a long time.
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Dguaman ValeriuV
4 months ago
Chart?
Reply
Dguaman Dguaman
4 months ago
lmao wrong window lol..sorry m8
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MattSzwyd
4 months ago
Cypher pattern forming after post-RBNZ false high?


If you squint your eyes you can see...
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silvi.petrov.5 MattSzwyd
3 months ago
haha, got exactly the same idea, cheers and good luck :)
Reply
AlajmiFOREX
4 months ago
Guys where is the point how technician talking about 40 for sell limit
Reply
waiyuen AlajmiFOREX
4 months ago
it was sell limit 0.72580 or around that price.
Reply
Ricardo_Ralon
3 months ago
let's wait if the retail sales data has an longer lasting impact or if the reaction was just for a couple of hours
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Technician TOP Ricardo_Ralon
3 months ago
Yeah mate.
Reply
gfknn5
3 months ago
can we stil keep this short ???
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peterfx PRO gfknn5
3 months ago
The trade had to go longer to trigger the short entry. Why would this trade now be invalid?
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gfknn5 peterfx
3 months ago
thank you for your advice
i leave first ,
then find the the good chance to short again

onece again to say thank you.
Reply
gfknn5 peterfx
3 months ago
i missing the good chnage to entry nu again t.t
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nahidik PRO
3 months ago
Technician I missed the first entry. Do you feel the data is short lived and price will move down again?
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Technician TOP nahidik
3 months ago
The markets have answered.
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Edgefree76
3 months ago
I gotta say Sir, u are on fire!!!

And, thank you for all of your value from the charts and explanations. There is nothing like placing a trade and then couple minutes later I see your chart giving me added confirmation to my own analysis. Have a great weekend!!
Reply
Technician TOP Edgefree76
3 months ago
Thanks mate for the kindness.
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asouto
3 months ago
i am also in after yesterday big pinbar daily chart, sell with target@0.7000
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Technician TOP asouto
3 months ago
wish you happy profits if you shorted
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IanVibes
3 months ago
Hi Technician.. Do u run a PAMM ?
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IanVibes
3 months ago
Hi Technician.. Do u run a PAMM ?
Reply
Technician TOP IanVibes
3 months ago
no sorry
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TadeMark PRO
3 months ago
Lovely trade idea
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Technician TOP TadeMark
3 months ago
lovely comment.
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silvi.petrov.5
3 months ago
I believe there will be a second chance to enter short as i see a pottential bat pattern forming up :)
snapshot
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gfknn5 silvi.petrov.5
3 months ago
nice for nu chart , i will wait the pull back too.
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reteid2222
3 months ago
Good idea and not easy against the trend....and more tricky cause the long wick!
For me one day two late ...I will go long cause price was 3 times pulled back at the resistance !
http://i.imgbox.com/6fMGakfc.png
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reteid2222 reteid2222
3 months ago
http://i.imgbox.com/6fMGakfc.png
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isuru003
3 months ago
we are back on track right....
Reply
Batman-oz
3 months ago
I'm back to only 4 pips away from original entry, all good again, as i knew it would be under your wonderful knowledge, thank you again Technician
Reply
Agree with your idea. Fundamentals are lined up perfectly .. NZ-US 2-yr and 10-yr yield spread has been narrowing since July 21, while NZD/USD rallied signaling a bull trap.
Reply
Dfuzz
3 months ago
Hi! is this idea is still active or you going to change something in it?
Reply
prince125700
3 months ago
short now or wait for markt goes up?
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jpctop prince125700
3 months ago
Looking his comment "Comment. Bounced but could be a new opportunity to short."
I just shorting me ^^ Good luck!
Reply
jpctop jpctop
3 months ago
I said nothing, I'm wrong! ^_^
Reply
asouto
3 months ago
Hi Technician, you move your initial stop loss? New stop @0.7358 to give space to bounce?
Reply
vicky13
3 months ago
where is short nzdusd
Reply
andu77 PRO
3 months ago
Just this minute sold at 0.7280, need the data overnight to be kind...
Reply
EdKunky
3 months ago
There was a nice waterfall pattern on the 15m-30m chart about 11 hours ago. I'm in and will be adding shorts if this gets legs. Lets see if the 78.6 fib repels the action
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EdKunky EdKunky
3 months ago
Added more shorts at 7268
Reply
kapitonov.dm
3 months ago
Is it still active? Everything unchanged (in view of last movement)?
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Casey_Yeo
3 months ago
seems ripe for another go at shorting mate.
Reply
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