Zeheart

Strong Resistance Level @ 0.8475 - Limited Up Move due to OB

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
256 17 2
Looking at the current NU chart, Although there are 2 Possible Pin Bars which both Rejects Both the EMAs and also rejecting the current support level at 0.8393. It seems to be possible Long Entry. But the next Resistance level is found @ level 0.8475 (this could be a possible reversal point as can see from the previous price movement). This level could be a possible chance to look for Short Entry if it holds well.

A long entry on this pair is not that not possible to have, if Monday's Bar retraces back to 50% of Retracement level of Friday's Bar, it could be a possible entry which may yield a possible of about 1:2 R:R.

Cheers! =)
Fiboholic
3 years ago
1. 0.8452
2. 0.8470-76
3.0.8490
those are my levels ...guess i willl start to sell ha ha...float for some pips, reward for 75 - 150 pips ! Bro, btw seems NZDUSD kinda harmonic pattern also, take a look at 5-0 pattern, i think u know it :)
Reply
Zeheart Fiboholic
3 years ago
Hmm well, for Harmonic, I only practice on those animals, but not the 3 Drives or 5-0 pattern.. Will take a look at it . Thanks for letting me know =)
Reply
Zeheart
3 years ago
Well I closed my Long trade on NU =) Taking bout 1:2 Risk Reward, now price is at the resistance level ~ 0.8475 so let see where will it close to determine the next entry position =)
Reply
Fiboholic
3 years ago
wew...where this will finish...still move up geez...i tot 8496 was a good point to sell bigger lot :(
Reply
Fiboholic
3 years ago
the last movement made bullish flag then raised till 127.4 fib , then the other day seller in, this one made bullish flag raised to fib 141.4 already, dont know if tomorrow seller in or now wew
Reply
Zeheart Fiboholic
3 years ago
I can see that the bull is strong for now, it price doesnt close below 84758, thn it will test on the next resistance..
Reply
Fiboholic
3 years ago
Double top and hit the my top channel...welldone NU..lol..i sold again on top!!
Reply
Zeheart Fiboholic
3 years ago
Yeah i shorted as well.. good luck to us bro!!!
Reply
Fiboholic
3 years ago
by the way ..i'm sis not bro...lol, my 2 cent view target maybe can reach 0.8368. I will wait ur chart ha ha..since i like ur chart a lot xD. Ok good luck for us ..aamiin
Reply
Zeheart Fiboholic
3 years ago
Oops.. Sorry Sis! =P.. By the way I shorted AU together with NU as well.. My target for NU is about the same as yours.. which is around 8347 =) Cheers!!
Reply
Zeheart Fiboholic
3 years ago
snapshot


Sharing my idea with you.. whats your view on it??
Reply
Zeheart Zeheart
3 years ago
snapshot


NU in 4H Chart, Seems the past few candles are rejecting the Resistance, may have a chance that price will push down. I do see Divergence Happening as well. Hopefully it does work out. Bless the Bear!!!
Reply
Fiboholic
3 years ago
I think market waiting China's Trade Balance in 1 minute! there are plenty of reason to short on ur level
1. Double top, channel fib 161.8 on meta4 ( found 5 reversals from the history ) , fib 78.6 on daily chart. Hope so! inshaa'Allah
Reply
Zeheart Fiboholic
3 years ago
Nice!! God Bless thn =)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out