Here happening something special for The American dollar. Power demonstrations and reversal movements?! Let's check. Let's see. ;) For additional question >> PM
Few days ago I shorted EURNZD, and it was successful trade. I closed my position, but I looking at the chart I think it is good moment to open short again. Right now we can see correction to downward move and EURNZD is fighting with resistance zone about 1.6965. If chart will reject the resistance, I will open short position and keep it to the channel bottom.
Here is coming next support guys. So my prediction is buying now and wait for your Takes! Let's see if it's will be next nice trading idea. Good luck Traders! Thank you for your support.
Anticipating a very bullish ride to highs of 1.73000 and also 1.74000. If of course prices penetrate our current resistance, that's even better as we could see aggressive buying after this zone. LET'S GO LONG! TP: 1.73000/1.74000
hi all this pair will be down at 0.70500 before continues rally up be careful ! any trade bellow triangle will continue the bloodbath!
OANDA:NZDJPY Observations: 1)NZ$ is overextended 2)BoJ 'fake news' about Kuroda talking about Japan's inflation are not 'fake' 100% things may be picking up. 3)Yields are @#$#Q@%$# serious disconnect between reality and Spot price behavior. Trading Mantra: "Never risk the house for pennies."
Possible scenario for NZDUSD - The price can retrace from resistance zone,so can wait price to back from 61.8 or 78.6 Fibonacci Level.
After this big drop from October, New Zealand has nice chance to hit and go up fibo's 38% level. There was impulse #1. NZD just hit and pull back from it. Now impulse #2 is a new chance! So my "minimum" prediction is, a trend will hit 0.696 again.
EURNZD - Daily H&S + Potential Supply Zone to follow.
Hello Traders, You can place stops above consolidation zone or above market highs. It all depends on your risk tolerance. Overall, the shorts have been confirmed with recent test of consolidation zone and strong reversal candle.
NZDJPY | Another scalping buy signal |Breakout
Trading idea and analyze from trader Nika Lekishvili
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