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
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Price is now breaking ascending trendline support ( 1hr & 4hr TF ) potential short opportunity today / tomorrow.
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
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@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
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@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
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@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
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hmmm... up...
NeverNO
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NZDUSD
short a view pips above 0.75
Intraday
BIG PIC
UnknownUnicorn180388
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@NeverNO, I hope all goes well your end, i will be watching this pair into the early week.
NeverNO
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@tomhall,
I think there is first a february high and then falling... possible second week feb.
UnknownUnicorn180388
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@NeverNO, It's certainly a possibility, i will keep a close eye on price.