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 .

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Casey_Yeo
NZDUSD
Casey_Yeo about NZDUSD 9 2 years ago
Sam0101
2 years ago
0.8400 was hit just now. Do u think it will retrace at least 0.5 and 0.618 up to 0.853?
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Casey_Yeo Sam0101
2 years ago
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
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Sam0101
2 years ago
if the effect starts now?
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Casey_Yeo Sam0101
2 years ago
Failed re-test there. This may just finally bring it lower below 0.8300. What's your view on this?
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NielsG
2 years ago
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
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Casey_Yeo NielsG
2 years ago
I see. Happy trading! May you have a profitable trade here.
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