Watch for short signal in H4 supply zone or set sell limit order. I suppose that support will be broken, so if price won't retrace into supply zone, next opportunity can appear after lows break.
Current trade active on NZD USD Stop loss trail will be updated privately.
I make this short trade today on NZDUSD. I think this is only a correction, and the RSI Divergence confirm the forecast. Great RR-ratio with one target price.
Short idea on NZDUSD. The Triangle is very nice, but RSI divergence show Buy signal. But still, i think the breakout will be bearish, beacuse the USD correction from Friday. Here is at the moment no Target, I watch this Trade manually.
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 3-5 Days Actions on - A – Activating Event Market will meet resistance in zone @current levels - .... and fall to the 0.65 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.65 EUR/USD...
Fundamental, trendline , previous high, Resistance.
Possible setup here on a technical basis. Daily trendline Resistance off the current area of supply Fundamentals weak for NZD, slgihtly strong for USD
hello guys here's a new idea on the NZD/USD exchange rate. First, we're approaching the 200dma which will act as a resistance level, secondly, we are in a spot where support turns into resistance giving us the possibility to short the NZ$. The first target is at 0.66385 then we can go for a retest of the 0.65722 level. Lastly, the COT suggests a bearish approach....
Market has reversed from a nice resistance level and made a cypher pattern now we can enter in this trade with risk reward of 1:1
Even a quick glance at this D chart you notice three failed attempts at the .745 area. You could even call it a double top if you wanted. That gives me the sense that the outlook is bearish. Now that price action has confirmed it I am entering this position.
NZDUSD Price has recently breaking the previous resistance on 1hr candle. Time to go long until price hit the upper resistance. Meanwhile, DXY is going down breaking support. Goodluck!
Hey, youraveragetrader here! - Symmetrical triangle Stronger bias for a short.
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....
NZDUSD has formed a valid Head & Shoulders pattern on the daily time frame after failing to close above the middle Bollinger Band (20 SMA). The right head is slightly lower which is a sign of additional selling pressure. A significant bearish engulfing recently closed on the monthly time frame. Price closed firmly through the middle Bollinger Band on the weekly...