Pair is in the trend channel in 1D TF and it is at the bottom of channel and most likely will move according to channel! Moreover, it has reacted well at the POI previously and will most likely follow the move according to SMC.
NZDUSD has broken the bearish trendline and is currently consolidating near a critical area which also happens to be the 61.8% Fib Level. Potential upside can be witnessed if this level sustains. On the flip side if it falls it might retest the trendline again at 0.69000 level.
FX:NZDUSD As it can be inferred from the chart, price is trying to create a cause for redistribution which would lead to the sell stop liquidity grab and a return to order block. Only after this happens do we look for look long positions, that reaction would give us more reasons to hold this trade till TP.
FX:NZDUSD As it can be inferred from the chart, price is trying to create a cause for redistribution which would lead to the sell stop liquidity grab and a return to order block. Only after this happens do we look for look long positions, that reaction would give us more reasons to hold this trade till TP.
NZDUSD Is at a importante level, near a strong support and a 0.618 fib level. If this level holds we can look for entries on a long, aiming for the nearest resistances. If this level breaks we can look for short entries aiming for the nearest supports. Always wait for candles to close to give a clear view of what the market will do. Buyist on the long view.
Price is reacting above pivot level at 0.69765, in-line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Price could potentially swing towards resistance at 0.70715, in-line with 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance. Alternatively, price could potentially drop to support level at...
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The way this candle closes will be important. I will update this as we progress. If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
Long Kiwi for 300 pips. Buying this pair is easy money. Risk- reward is so logical. So, long this and no panic.
Price is approaching pivot level at 0.69450, in-line with 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support. Price could potentially bounce towards resistance at 0.70575, in-line with 50% Fibonacci retracement , 61.8% Fibonacci extension level and 50MA. Alternatively, price could potentially drop to support level at...
Prices are holding below a key resistance area at 0.7050 in line with the 38.2% Fibonacci retracement where pullback to test this area presents an opportunity to play the drop. A break below the support area at 0.7020 could see price push lower, with the next support target at 0.6980.
Price is reacting on pivot level at 0.70115 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA. Price could potentially swing towards resistance at 0.70850, in-line with 50% Fibonacci retracement, 61.8% Fibonacci extension level and 50MA. Stochastic is also at support where previous bounces occurred. Alternatively,...
NZDUSD has bounced from trendline support prior to the USD 3 Month Bill Auction, which reveals the yields on the US Government backed security. Technically the pair has bounced from the trendline and the RSI has turned positive, and we are seeing USD weakness so far this week.
The resistance is so strong - But pricing down makes for SELLER to be hearthbreaking - All in SELL Then now - We cwaiting for WHALE minus the SELLER by LONG it at these price on chart
After the false break under 0.69 support, NzdUsd quickly reversed and has risen more than 350 pips in not even a month. Now the pair is consolidating, but 0.7070 is a very clear base. I'm expecting a break above resistance and continuation to the upside. Dips should be bought IMO