NZDUSD; Short for 20 pips and than Long for 50 pips
Hello Traders, Look for price to continue to move higher despite the deep pullback. See related idea for more context.
Nzdusd - H4 chart - Price is at a very good level to jump in head first for a buy trade!! 60 pips stop and a 200 pips target!!
Few possibilities for the NZDUSD, this week the market will be focused on the tax bill which is likely to be passed soon so we may get some dollar strength and hence a lower NZDUSD however our entry is still based on signs of supply and demand entering the market so no entry until a clear sign.
PLACE BETS ON THIS GOD'S STRATEGY CONFIRMATION TRADE! TRADE OF THE WEEK! LET'S WIN. RISK ACCORDINGLY
Price rebounded of the Daily/Weekly channel resistance trendline, made an impulse and now its correcting forming an Irregular flat. I think the move to the downside is about to start any second. I would place the stops above the previous high because i dont think twe are going higher than that.
Consolidation can be broken both down and up. With a small stop, the profit factor can be good enough for such a small consolidation. Why was the short position opened:
8 failed attempts to close below 0.92900. We find heavy support here looking back historically aswell. In the background we also see a completed gartley, and we also have a double bottom followed by a 61.8 retracement which acts as my entry point. The momentum is turning in our favor. IF, however, we break to the downside we will most likely find another...
Long nzdusd and dollar weakness and nzd being at oversold levels. target of 100 pips risk of 30 pips. decent R2R.
Watching the NZDUSD for a reversal as Crude oil starts to rebound, expecting the summer months to be hot for oil stocks so keep that on watch. Still manage your risk with stops & take profits.
NZDJPY looks like it may correct long on the daily chart, but be weary of any continued strength. NZD pairs are weak. JPY pairs are corrective. Looking for corrective strength and more downside.
Risk sentiment is supported. NZD has highest interest rate in G10.
We have a triangle forming, and within it a Gartley completing right at bullish trendline / lower triangle. We also have a AB-CD within the gartley to strenghten the gartley pattern. Targetting 0.382 fib of A-D move, stop loss below trendline.
Entry 0.73000 Simple price action for this one. Possible long with the first target at 0.74000 which is sitting on the weekly S&R and possible targets of 0.7600 which is resting on the monthly S&R. A break of the second level of resistance will confirm the end of the downtrend and give me more confluence that the pair will continue its bullish movement. The...
Support was found at .72900 price up to .73500+ Entry: .73 to possibly .73500+ s/l .72880