NZDUSD currently at a support area. The market low is higher than previous market low, shape a higher high higher low , which states that buyers are more than sellers. TP @ 0.7100 SL @ 0.6920 If you like my idea, please follow me for more ideas to come in near future! Thank you and feel free to exchange your ideas with me. **Trade with care**
Bat pattern has completed Price might have gone slightly below PRZ, however I see some consolidation on H4 chart RSI is also showing bullish divergence on daily chart, still at oversold level though R:R at 1.5 (TP1) and 2.5 (TP2) I take it that pattern is being retested. Performing multiple time frame analysis can give you a better picture of how price is...
By breaking above 0.697, going Long the Kiwi might be a good idea. Over the last 2 weeks the NZDUSD pair has been oversold and there is a clear RSI divergence, while leaving the oversold territory. This time the Moving Average will probably be broken in a bullish manner, unlike the previous 2 times where it acted as resistance. Having a double bottom around 0.69...
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.
Take profit at nearest resistance level.
Simply buy see how pattern is complete expecting 0.50% to 0.618% move Advice to buy cmp 0.6910 sl 0.68 tp 0.7050-0.7150
NZDUSD - BULLISH BAT DAILY + 4hr Pattern completion and looking to go long with confirmation RSI still in an Oversold state on the 4HR and DAILY, be careful, still has room to move down before reversing. RSI has not rolled over yet, waiting confirmation on the 4HR Keep an eye out, if you are looking at trading the daily there is no rush here.
Im bearish on this trade but waiting for confirmation
It appears we have some confluence in the .7022-.7013 area. A 38.2% retracement of A-B would correspond to a 2.24 Fibonacci reciprocal. I am long, currently, with a TP of .7100 and .7151. Good luck!
We may have a bull Bat pattern and looks like a good area for a potential long. There is also a fresh area of demand where the bat pattern and demand meet. Bat patterns are often very reliable turning points and occur mostly at areas of support or resistance. Support lies around the .6900 level. Good luck!
Hi Guys. Just at glance I see the potential to take long shot at critical zone. It left a few pips to get touch to the order. If you can catch this then why not to take a small risk. NU has been in bearish mode quite sometimes. I think its time to reverse permanently. Even temporarily i believe we can get 100-200 pips. Cut your long position if CS close below...
Hello Traders, Today we want to share with you the FX_IDC:NZDUSD as it currently flirts with a very decisive zone around 0.697! The current fall within the FX_IDC:NZDUSD is on one hand caused by the USD strengths, but more importantly because of the Commodity weakness which lead to the New Zealand Dollar weakness. Long-term sentiment within the NZD is more...
This is a GREAT long set up. We have the convergenc of multiple harmonics. A Bull Gartley has just formed on 1d chart. The XD ratio is a near perfect 78.6 retrace in that pattern. Zooming in to the 1h, we see a PERFECT AB=CD that has just completed in the same area. Multiple harmoni numbers and patterns convergence in different time frames is a strong signal....