We are doing corrective 3 or 5 waves , possible D towards 0.73000. Look for bull flag for breakout on lower tf before entering buy. Weekly remains huge corrective structure between 0.73500-0.67500 range. DXy has made significant down move. on weakness of dxy buy NZD. Trade your own plan. Good Luck
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.
Hey guys. Heres a view of the next 1-2 weeks. As of right now Price will Continue to decline. (look at previous post. kiwi update) Once we reach the .69000 area we can expect a bounce. and a long term buy. Short Term Sell. Long Term Buy. will kept you updated. Comment below. share your thoughts. Message me for questions.
Hey Guys, The kiwi reverses its gains, Having posted a session high near 0.6890 region, the NZD/USD pair ran through some fresh offers and drifted into negative territory for the fifth consecutive session.The pair extended its bearish slide through the course of current trading week and is now headed back to nearly 10-month lows touched in the previous session,...
Bear are still very much in control. We are currently headed for the .70 area. Most likely this is a short term buy to the .70 area. The remainder of the week will be a short for this pair up till about the .68950 area. Once we get there we will look for a chance to buy.
To understand Take a look at my DXY update. Should be a good area to short. Low risk involved. To Will post a picture, looks like we are in the 5th wave on the elliot wave.
NZDUSD bearish price action at top of down trend channel with low volume.
Fib levels confluence with order blocks - 4hr & Daily. Just sitting on my hands just waiting for price action to unfold. Price to continue from the up trendline structure towards the previous day EQ and then previous week EQ to take out stops above the swing high.
Long nzdusd and dollar weakness and nzd being at oversold levels. target of 100 pips risk of 30 pips. decent R2R.
Clearly visible on cumulative volume selling pressure - falling through the ICE pattern. Wait for pullback and go short.
Believe price will test key resistance area of 0.7120 on RBNZ release. But will head to the downside to test 0.7015
When price comes back into the sell area (.71) we should see a rejection back in to the buy area (.69700) this should be a retracement for a further move up. Short term sell Long term Buy
By breaking above 0.697, going Long the Kiwi might be a good idea. Over the last 2 weeks the NZDUSD pair has been oversold and there is a clear RSI divergence, while leaving the oversold territory. This time the Moving Average will probably be broken in a bullish manner, unlike the previous 2 times where it acted as resistance. Having a double bottom around 0.69...
HELLO I see something that looks like harmonic pattern. Could not learn more about this pattern or forgot - probably this is Navarro 200 pattern. Target are fib grid spanned CD. Regs
First target was already reached on this nice short on the Kiwi, I'm holding half of my position hoping to get past the 0.7240 area.