NZDUSD ANALYSIS Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
We are travelling in a huge range here. There will be loads of buy stops above the resistance, which will create a great area for manipulation to occur. I want to see a spike above before the sell-off as illustrated.
Upside is the overall bias on this pair, we either are going to ascend smoothly from here or we will see a dip into the order block before reversals.
this is not the healthy structure to trade waiting for a break of structure to find possible entries
Waiting for price to pullback FOLLOW ME ON INSTA FOR MORE
As salam alaikum T.A Review: Strong Doji on Monthly TF. 0.73 Seems to be holding. Another Bearish Channel can be seen. All indicating Downward momentum. I am expecting a bearish till 0.68-0.7 atleast. F.A Review: COVID-19 and Dollar strength might bring Kiwi down. NFP might cause manipulations as well and will surely decide the direction as well.
Now that the neckline liquidity has been purged we can look to trade the true move to the downside if we manage to get a clean structure crossover as illustrated. COT Data - 56.4% Short
Nzdusd - Daily chart - Price action is trading in a downtrend on the daily chart after breaking below a previous higher low. We are looking to sell this pair around 0.7190 for a decent 4:1 R2R trade.
In my previous analysis, I said that I expect NzdUsd to have found a medium-term top above 0.73 and the pair dropped from that zone. More, Kiwi also has broken under the channel's support and, at this point, we can consider the top confirmed. Yesterday the 0.7150 zone offered support and the pair had a new attempt to reconquer 0.72. At this point 0.7240 is...
The last days of 2020 and the beginning of 2021 found NzdUsd in a strong bullish mood, with the pair gaining almost 5% in a very short time. This new leg up looks exhausted and prices above 0.73 attract sellers like a magnet. I believe a correction is just around the corner and, in my opinion, rallies towards 0.73 should be sold. My target for such a trade is...
Nzdusd Trade Plan. You can see the NZDUSD trading plan. Let's see nzdusd Trade Plan respect our analysis or not. NZDUSD is a good pair for trading.
HI TRADERS, THIS IS MY POSITION ON NZDUSD. HOPE IT WORKS GOOD LUCK
I'm sure of a lot of you, and I included, was wondering when NzdUsd bull run will end... And now it can be it. After the first touch of 0.71 and a drop, Kiwi had a new attempt yesterday to rise above and reversed violently putting in a strong long-tailed reversal candle on our daily chart. At this moment rallies should be well capped at 0.71 and possible...