Analysis:
Upwards trend (bullish confluence factor)
Retest of an old support level (bullish confluence factor)
61.8% fib retracement level (bullish confluence factor)
Upwards trendline touch (bullish confluence factor)
NZD is the 5th strongest major currency whereas the USD is the 3rd strongest major currency (bearish confluence factor)
2K short...
Hi TRADERS this is my trade set up for the NZD/JPY
NZD/JPY Looking like could pull back into the order block zone for further continuation up, so buy only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
please follow like and comment thanks
Hi everyone this is my trade set up for the NZD/USD for the new week ahead
NZD/USD is about to change to a bullish bias for me, so i am expecting a pullback to the order block zone and will be looking for a buy trade
look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with...
Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can buy NZDCAD from 0.86-0.858
Stop-loss at 0.854
You will find more trading ideas in SAV Finance community.
Open Buy position on NZDUSD - 0.6744
SL - 0.6727 (17pips)
TP - 0.6838 (94pips)
RRR - 1:6.26
Reasons - at bottom of global flat 0.6715-0.6930 and good reversal pattern (buy level+angle level)
Assuming S&P continues to rally from time to time and stays above 2700 (instead of plunging down again to 2500 level), still safe to be bearish on CHF and JPY. Riding the bullish momentum of NZD again driven by its strong economic data, and buying this pair again with TP near 0.69462 weekly resistance (up to 0.70 psychological resistance), and SL/trailing SL near...
