Kiwidollar
NZD/USD waiting for a sign Considering the way that NU went down in this pattern (corrective), I am on the lookout for a buy setup from this spot. Especially because it went down in similar fashion on the larger scale and did not break the low. If dollar retraces, NU may be a VERY nice buy. It is even possible it goes up much further, but we need a buy setup... It never truly confirmed a sell setup, just corrected. AU was different.....
Sterling / Kiwi - Break plans A & BI've traded this pair a lot over the years and very recently had a single 800 pip trade with additional shorts adding up to 1500 pips, once this thing is trending, it's a beautiful trade.
But Brexit, if we weren't negotiating Brexit I'd be Long on this pair, to not only go back to the highs of the head and shoulders pattern but, break the center line of the longterm monthly descending (yes Bearish) channel, to continue to move back-up to the highs around 2.1.
This pair has rotated beautifully down this channel for more than 12 years, and since 2012 the pair found a smaller channel to trade within (yellow box - Point Of Control). There was one huge move to the upside of the channel, and a subsequent move down helped by Brexit, when it fell all the way back to the 1.6 Southern edge in late 2016 and the move off that low created the long-term upside move we're in now, straight back into the POC and two new trend lines, in black.
But maybe this is the first time we do not rotate back to the highs because, well Brexit. So we have two options, Bullish plan A or bearish Plan B, PRETTY SIMPLE REALLY.
Fundamentals: Bank of England Interest rate announcement this week.
What are your thoughts?
Patience pays, happy hunting!
AUD / NZD - Pullback around 1.075 & SHORT 150pips+I've been tracking this fun pair for some time, long-term we're in a bearish channel coming off the 2010 crash, and we're rotating nicely down through the channel, we hit the top of the channel October 2017 and we're now on the bearish leg, having failed a bull push back up through the descending trend line which has now been respected by formation of a lovely pin bar, which is our signal to look for an entry, if you don't know how to enter, read my link below on how and when to enter.
There are many areas of support which will respond, the channel center line is a major one @1.065, so be aware of that. I'm not expecting a gap down on open, but if we do, wait for a pullback to 1.07 to enter, otherwise look for an entry around 50% up the pin towards 1.075 area.
Patience pays, happy hunting!
NZDUSD - Prepare for a bounce back2nd lower high is traced on NZDUSD, the bull run of USD is about to finish soon. I am testing the the water with small lot size, if it goes well, I will enter full position.
EURNZD ShortThe pair has double topped on H4 and broken the second uptrend from the pull back last week. Moreover, the MACD on H4 has signaled the bearish crossover. With data expected to be negative from the Eurozone, a dovish ECB, and an oversold Kiwi, this pair is primed for a healthy sell off.
Best of luck and thank you for looking.
And as always, please feel free to comment your opinions below.
Bearish on NZD next daysNZD index (ZXY) is bullish long term trend since 1994. What we are seeing now is a small retracement which can last a few weeks more before NZD will shoot tothe skies....
NZDUSD - H4 - BUY SETUPNzdusd - H4 chart - Price is at a very good level to jump in head first for a buy trade!! 60 pips stop and a 200 pips target!!
NZDCHF 4HAfter a triple bottom to daily support, the bulls have taken over on this pair. Price closed below resistance, so I will be watching for a pullback to the fib regions for potential entry as we should see price make higher highs & lows now..
GBPNZD 4HAfter a bounce off daily support, price is now at a supply area, where I will watch for a possible rejection to the downside.
AUDNZD 4HBreakout of supply area, now watching for a retest rejection for longs up to daily resistance.
NZDJPY 4HPotential Inverse H&S pattern here.. Price bounced off a weekly demand zone, & may now start to reverse back to the upside. Watching for a break of the neckline for confirmation, & we could see price make higher highs & lows
AUDNZD 2HPotential short setup here price reached the 50 fib retracement area, now its possibly that a lower low is on the cards next..
NZDCHF 4HPullback complete, watching for a potential short down to previous support, & down for a new lower low possibly as well.
DOUBLE TOP on NZD, about to break NecklineDOUBLE TOP on NZD, about to break Neckline
If anyone has any other input on this on,e let's talk about it .
Thanks for watching and BIG profits to you all
GBPNZD 4HAfter another rejection off of daily support, the range for price gets smaller & I will be watching for clues to where price will go next for this week.
NZDUSD 4HPrice made a strong impulsive bounce off daily support last night, now approaching an area of resistance where I will watch price for a rejection, or a break of price to the upside out of its counter trend line. Lets see what price action tells us !
NZDCHF 4HWatch for a break of the demand zone price has been rejecting, & a break & retest of the counter uptrend line for a downtrend continuation down to its previous lows.
AUDNZD 4HPrice created a inverse Head on Shoulders pattern, recently breaking above the neckline & now price is retesting broken resistance as new support now. NZD press conference shortly will be watching price action...
