The fruits of my forecasts stretching over the short-term range, will accompany you down this thorny path of range trading, but we cannot avoid consolidation, because only painful chop can help resolve ranges.
The dynamic constraints of the flows are clearly defined jurisdictions on both sides (see...
Marked in orange lines a possible trend formation if price can actually break the major down-trend again. Right now, a more realistic scenario is that we found our ground after this rally and we may see a good retracement for at least 50pips before a move lower! Use proper risk management on this one because its against the trend!! Tight SL as usual and lets...
NZDUSD is losing pressure, meaning the USD will take over and be the dominant out of the two once again.
It gave us a bearish engulfing candle on the 4 hourly, while also it seems to have a lot of bearish volume.
Generally the NZD currency is one of the weaker ones, so I don't see it taking over
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Possible Scenary of NZDUSD After The Breakdown of Bearish Structure, We Are At Significant Levels of Fibonacci Retracements. Two Levels Intercept and Give Important Buying Signals.
When I Entry? When The Price Break The Structure in 1H
Good Trading For You.
Forgot to upload but opened sell order for NZD/USD
I am not a by any means a professional trader this account is only for my enjoyment. Any trades you take are not my responsibility and yours alone.
1. Things have been working strange lately due to Bexit & phase 1 situation. But with the positive Bexit status and phase 1 talk, things may go USD ways for a few days.
2. I highly doubt the structure will not be formed, and prices go above the trendline. Everyone was looking for a good reason to short this.
3. bias that's all.
Hey dear friends,
Welcome to my profile and this is the first test of publishing.
Levels which i am using is margin zones taken from CME, which gives really good reaction. This levels supported by Daily/Weekly Average Movement of the currency pair!
Why do we went short:
Price went above Weekly Average
Price hit the Daily Average
Market Bias is changed...
Good morning everyone!
NZDUSD is steadily going up within a rising wedge pattern.
Most likely bulls will keep pushing the pair even higher
at least until 0.646 structure resistance level - current months high.
pay close attention to an upper boundary of the wedge - it will be our first safest zone to sell.
if the market...
NZDUSD SHORT IDEA
We’re still looking bearish on this pair and it has been consolidating in the current price range near the daily 38.2% fib level
All last week NU has been ranging within a rectangle pattern and we are currently waiting for conviction
At the current price zone there a little bit of confluence: the daily 38.2%, major resistance, broken monthly...