Alright Guys. This trade was absolutely spot on, tbh I was happy but wanted it to shoot up by a lot more, however, I'm still pleased. My first target was hit which was 0.70000 . I'm happy with that for now, and I'll be uploading more setups and possible trades!
NU sell now or on retest h1, price has moved back on Friday to present another selling opportunity.
When you draw your trendfibs considering the running flat for wave 2, NU should be in wave 4 retrace, which can be a flat or a triangle maybe. I would look for correction to 23-38%. Then... It may break the trend line and retrace back half the wave (50-62%) the total 5 wave if continuing trend. FOMC tomorrow. $ hr looks like sell, but you sell tonight, you could...
price has formed medium term bullish channel, an expected retest of the trendline below of the channel is an opening to short for short term to medium term. On weekly price is at a vulnerable price level on an inner ascending trendline, a convincing break and retest of this trendline will see price plummet to the initial ascending trendline on weekly. The...
Hello everyone, I was a bit worried about NU for a couple of reasons, it kept doing 100% retracements and in my opinion one of the pairs that I really don't trade but this BOS( Break of Structure ) on the weekly tf shows that even if it does another 100% its going to be heading to the downside(bears). I charted some possible areas were we might see the...
NZD/USD H4 NZD/USD it is better not to trade now because i see sort of range market. We should wait till the price reaches key support level 0.6855 and see what happens next. if price respects the support we will have confirmed double bottom and can go long. OR price can breakdown the support and that scenario we can short NU.
Downtrend > Shorting > in Ascending Triangle > Aiming my entry upon a Bearish Breakout to the bottom side. > Awaiting Entry Signal/setup to print at the top of A. Triangle > Currently at a resistance level > 1:2 R:R >Stop behind 50ma > Feeling "Strongly" bout this play, but still waiting for setup to confirm. AKA making the 'safe' entry
NZDUSD H1 Sell if price fall below the lover trend line and and support zone.
The New Zealand Budget came out last week. Some experts feel it is too optimistic and we will see additional Kiwi weakness. Additionally, DXY strength doesn't seem to be slowing down. We could some retracement to the upside. My bias is more downside. I'd like to see red trendline provide some resistance. P
Alright guys can this trade go lower? I highly believe so, we could potentially go down to lows of at least 0.69500. TP: 0.69500/0.68000 .
Price should bounce down as it has hit a flag resistance zone
Forex today was a holiday in the US session, following China's celebrations of the Lunar New Year, (mainland China closed until Thursday). The NZD lost a little ground overnight as topside resistance held firms.
Simple trade setup - Market has found support at a supply zone (0.6818) and has retraced to its daily resistance level This is a great opportunity to re-short this pair. I will be looking to scale back the position at the same supply zone as before. Fundamentally this trade is support by a rate hike and the pending US tax reforms. Thanks
Looks like price is making lower lows and lower highs wedging into the neckline of the head and shoulders pattern we are in. Looking for a break of the neck to signify the swing is in affect and will be thinking about shorts this week. If the last high/right shoulder is broken then we might test the head again and push through up to 1.618 fib of last weeks bull...
Looking for another few pips to the downside before consolidation and a testing of this weekly short term bull trend. if we break the neckline of the head and shoulders pattern we are in i am looking for another 40 pips or so. If we get a break of the last shoulder and head then i am looking for 1.618 fib of this weeks bull run for upside target. Hope it helps....