I've set up a buy stop order @0.70983 with TPs near 0.72430 (daily resistance) and near 0.73298 (weekly resistance). With Fonterra (largest dairy company that sells NZ's milk products) raising its pay to farmers as well as improving economic data for NZ, it's highly likely that NZD will continue to recover between now and at least until before the next US Fed rate...
Setting up sell stop orders near 1.80787 with TPs @1.8000 and S1 pivot line. With NZD's recovery and UK's recent tragedy, this pair is more likely to at least drop down to 1.800 before possibly go ranging or bounce back up, depending on the UK general election result this coming June 8. D: W: Confidence: A
Technically, i think this is a good area to consider going long this pair as its minimum Fractal formation has been met.
Bearish pin bar under confluence of resistances (Fibo + Trend line + march and april highs). Last time price tested that zone, we saw more than 250 pips downward move. Can the current pin bar move the price in the same direction?
Bearish pin bar under confluence of resistances (Fibo + Trend line + march and april highs). Last time price tested that zone, we saw more than 250 pips downward move. Can the current pin bar move the price in the same direction?
An advance pattern trading opportunity lays at previous highs and offer a great risk/reward trading setup. It is also the ideal level to get positioned for the trendline break if it is to occur, althouth our trading rules for the trendline break indicate to sell after the break and retest. With regards, Michail Sideris
I am thinking more upside, check out my previous analysis. But let's wait if it retraces or the level it's sitting at now is 50 fb level between a monthly swing high and swing low. A break above and we'll meet the down trend a rejection and we'll se the uptrend below. I'm keeping an eye on this one. And you should to :) Just an idea, not a signal !
According to my last week’s projection, due to bullish response market rejected local support at 0.6867 converging precisely at that time with 50% of Fibonacci correction from the earlier upward movement, and since then we have seen continued growth. As a result of this move market has overcome a very important resistance zone at level 0.6950. It is worth noting...
I short the nzd ..because he just get the pulse with commodity but stay vulnerable...so a pullback will be normal..also he is like in range since many weeks...and he go up of its range Also the rsi H4 at 80 is largely uncommun for Nzdusd so we go for 80-90 pips
Short-term buy but I am looking for swing short. 2 key levels for the sell postion are placed
I am very confident we are ready to continue to the upside on NZDUSD. We have strong rejections on monthly support level .68500. Price has come back above the weekly ascending trend line and it seems so that we are ready to continue to the upside. Although I do believe we can reach weekly resistance .7075, my overall target here is target 2. USD is also crashing....
Three problems alot of traders face. Having the patience and professionality to trade this trends is the tough part. Thats where alot of people surrender if they miss an opportunity or two and escape afterwards to counter-trend trading, because psychologically the market is always offering you a counter-trend trade. In my view to trade trends, one has to be very...
I am not in the trade just monitoring it. Just an idea, not a signal.
Nzd has been struggling to go past the .68400area. Great Support are Its Starting to loose it downside pressure. Im expecting for this to break the trend line and then retest it. That will confirm our long position.
NZDUSD broke the neckline of the H&S pattern on weekly time frame. Good Luck!