FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Overall trend in this market has obviously shifted to bearish with increasing momentum, looking at the steepness of the fall in price since mid July without any deep retracement.

The market broke and closed below the key support zone around 0.8400 last week. It has just formed a small pin bar yesterday. Anticipating this market to re-test the now key resistance zone 0.8400. If that happens and a nice price action sell signal formed at that level, then I'm prepared to short in line with the recent bearish trend .

Related Ideas

0.8400 was hit just now. Do u think it will retrace at least 0.5 and 0.618 up to 0.853?
Reply
Casey_Yeo Sam0101
I don't know if it go that far up. What I know is that I'm currently on alert waiting for sell signal in the area 0.8400-0.8430
Reply
if the effect starts now?
Reply
Casey_Yeo Sam0101
Failed re-test there. This may just finally bring it lower below 0.8300. What's your view on this?
Reply
I hope your analysis is right :)
I'm also shorting NZD USD based on 10pip brick Renko charts with SMA100/200 and Stochastic(14,3,3) confirmation on entry. Unfortunately I can't share my chart cause I can't create 10pip brick Renko's without a paid account
Reply
I see. Happy trading! May you have a profitable trade here.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out