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UnknownUnicorn180388
Jan 27, 2018 9:12 PM

NZD.USD - Bear Trap ( Patience Is Key ) Short

New Zealand Dollar/U.S. DollarFXCM

Description

Currency Pair: NZD.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

Live NZD.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.

Comment

Price is now breaking ascending trendline support ( 1hr & 4hr TF ) potential short opportunity today / tomorrow.
Comments
DatDudeDanny
What's up, Tom? Hope all is well mate. Patience is key for sure on this one, but there is a clear h&s on the monthly. Mix that with the lackluster inflation data on the Kiwi, and I'm looking for a nice fall in this one. Best of luck man.
UnknownUnicorn180388
@DatDudeDanny, Going great thanks mate, how is everything your end?
I agree, let's see if we can take advantage of the downside should it occur :-)
DatDudeDanny
@tomhall, All good here too, brother. Another reason for patience is the COT report. Idk if u saw but retail traders are all in on USD. I'm seeing the big boys hunting stops to end the month, but let's see. When I do decide to sell on this one, its a sell and hold for long term. Be well, Tom!!
UnknownUnicorn180388
@DatDudeDanny, Again, i agree many traders should be cognisant of day trading into particular levels.
We will see if / when it present's us with a strong opportunity.
NeverNO
hmmm... up...


NeverNO
NZDUSD

short a view pips above 0.75

Intraday


BIG PIC

UnknownUnicorn180388
@NeverNO, I hope all goes well your end, i will be watching this pair into the early week.
NeverNO
@tomhall,
I think there is first a february high and then falling... possible second week feb.
UnknownUnicorn180388
@NeverNO, It's certainly a possibility, i will keep a close eye on price.
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