Open buy price 0.6770 SL - 0.6758 TP - 0.6839 RRR - 1 : 12.2
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)
IT will head up to Touch Support zone the drop heavily
NZDUSD is approaching our first resistance at 0.6852 (100% Fibonacci extension , horizontal swing high resistance ) where we might see a drop in price to our first support at 0.6803(100% Fibonacci extension ,38.2% Fibonacci retracement, Horizontal pullbakc support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price...
NZDCHF is approaching our first support at 0.6684 (horizontal swing low support, 100% Fibonacci extension, 50% & 38.2 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6748 (61.8% Fibonacci retracement , horizontal overlap resistance). Stochastic (55,5,3) is also approaching support and we...
A final move to 7000 can be expected before some weakness to set in. Something to watch over the coming weeks.
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.