IF conditions are right we will get a retest of the neckline on NZD Then we take a long if we see a bullish candle after testing the neckline. Projection is for 0.73
Price closed above the resistance outlined in the chart but went a little too far for me liking, let's see if it retreaces to our entry so the trade can start. If it does then the target will be set within a reasonable area
NZD is strong this week. If it pulls back to 0.670, which is structure support, it could be a good chance to long. Target at structure Resistance 0.685 BUY AT 0.672 SL BELLOW 4H BAR 0.667
We have a long downtrend channel formed from around July and still going. It seems we have a short uptrend going on within the channel, possible break of "Fallen Wedge" short term bullish pattern. Looks like a supply zone and resistance on the upper trend line of the Channel possibly at .6900 should be good sell.
Bears have done their job already and now its bulls time. As we see price has broken the previous structure and bearish trend is going to become bullish trend. Currently what I am looking for is wait the price to retest the structure to become a support and then go long. The price stopped big rally at weekly PP and currently consolidating in that area which could...
Longs can be initiated in NZDUSD based on trendline support with RSI conforming a bullish reversal, also i see a Bullish Deep crab pattern.
I know that NZDUSD maybe very bearish technically in the long term but current price action is consolidating. With the break and close above July 10 highs on the daily time frame, I believe that this pair can still go a little bit higher higher. For a more detailed analysis, razotefx.blogspot.com Good luck in trading guys!
FX:NZDUSD Again, my perspective on this recent development... After a double bottom, distinguishable in lower time frame, the price ripped its neck above @H1Support, found resistance @(H4&H1), pull back to the 61.8% zone, !broken!, in fact the price fell to 75%. Now negociating below previous support now resistance (H4) (broken), expectations to the price to...
Here is a trade I entered earlier today with a 3.0 k size lot. R/R Ratio: Risk: $1491 Reward: $5760 Good Luck
FX:NZDUSD Double bottom, not the perfect " V shape", but it can work. Buy the eventual 61.8% retracement. Safe trades; open.spotify.com
NZDUSD is long term bullish, and this is how to go about it in the long run. However, it is a very choppy pair with many trading opportunities downwards. There is a Fib retracement short opportunity that I am in already and there is still alot of room downward. Hope in and let's profit. Happy profiting everybody.
Hello Traders! We have a very nice bullish bat pattern completion @0.6650. Our Targets are on very good levels, if we look left we see the structure for more confluence. Stops will go below the red zone. R/R is very good. Keep and eye on FX:NZDUSD Avto_T Green Luck ------------------------------------------------------ Website Pre Launch Survey Facebook...
Long on NZDUSD when the uptrend resumes back into the channel, or using the channel as resistance. Then trail my stops
FX:NZDUSD 5 waves impulse leg, one correction is expected. Let's see IF the price break previous structure (4) , giving us a new lower low around point A. (Look left previous structure pressure zone) Then, point B for a Cypher pattern (a lower high) can be forged somewhere between the 38.2 and 61.8% retracement forging one AB=CD potential setup with a ...
Double Bottom Has Formed On Weekly Support Suggesting The Previous Bearish Momentum Has Lost It's Steam Price Surged And Closed Above Monthly Resistance Indicating Strong Bullish Pressure A Bullish Close Was Made Within Supply (1 Hour Chart For Earlier Entry) Further Indicating A Buy Move Price Above 20,50 And 200 MA The Recent Gold Hike Further Confirmed My...