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....
FX:NZDUSD : BULLISH BUTTERFLY on M15!
Looking for this trendline to hold firm. The fact that this is also a tough area that has seen price push past it only once is also good evidence
Nzdusd Trading around 0.7010 level where Strong support level 0.6930-0.66950. If hold above that level we can see a corrective move toward 0.7150-0.720 advice to buy in range of 0.7010-0.6960 sl below 0.69 TP 0.7150
Buy above 0.7176. Stop loss at 0.7137. Take profit at 0.7240. Reason for the trading strategy (technically): We prepare to turn bullish above 0.7176 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7240 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing strong support at the 10% level...
Will go long on a retest of .1940 handle. Time lapse on the 1H suggests a bounce
Buy above 0.7176. Stop loss at 0.7137. Take profit at 0.7240. Reason for the trading strategy (technically): Price has dropped nicely and is reaching our profit target perfectly. We prepare to turn bullish above 0.7176 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7240 resistance (Fibonacci retracement, horizontal overlap...
Last week my trading bias on NZDUSD was bearish bias and my short was triggered. However, I closed it on 20/2/2017 (Monday) due to the Counter Trend Impulsive (Yellow Circle) formed last week. Today, my trading bias on NZDUSD H4 chart is MT Bullish Bias and I'm gonna long this pair at near my support & SND (Blue Box). However, a strong break lower than 0.7120...