Failure Swing (FS) occurred after breaking key support level. Looking for a buy when price retraces to the FVG on a 15m chart outlined in the yellow box.
Hey tradomaniacs,
NZD/USD is currently forming a potential Double-Top-Pattern after an attempt to break above the monthly key-resistance.
The DAILY RSI is showing an completly overbought situation causing NZD/USD to consolidate with a weaker performance compared to its competitor AUD/USD.
A break below the 50 EMA, Trendline and horizontal support-zone could...
Looks like a nice upcoming NU short. First we have our daily broken trendline(white) then we have our bear div wich indicates a possible reversal(red) then we have a double top in a weekly resistance. Last but not least we made a lower low, now I wil wait until price breaks and retest my support zone(tested 3 times) before entering a short.
Let me know what you...
NZD/USD delayed post.
NZD/USD selling pressure may reach 0.65800
Bearish momentum may fall to 0.65038
Resistance Levels: 0.66466, 0.66752, 0.66984
Support Levels: 0.66001, 0.65800, 0.65038
Possible good entry:
Entry price: 0.66400
Stop: 0.67067
Target: 0.65038
Let's watch...
#JustTradeFxOnline
Thanks for your love and support.
Don’t forget to like and...
Heavy rejection at the 1D resistance, the price closed below the uptrend channel giving a good short signal and the price is sitting at the demand zone.
Downtrend confirmation is required before going short, if the next 4H candle closes in or below the demand zone there could be a good short entry opportunity:
Entry: 0.66190
SL: 0.66518 (Return to the bullish...
The big bearish movement on #NZDUSD has yet to come.
We have waited for it to 0.61100 area with the last idea (that is still valid).
In the meantime, another selling possibility is creating now.
0.60 (or 0.60460) could be the Elliot Wave point 5 confirmation.
Entry: 0.604
SL 0.61125
TP 0.5844
Possible Short trade on #NZDUSD
We have to wait for the Elliot wave to be confirmed in point 5.
As 0.62 touched (that's Fibo 61% and a Strong Resistance) we can go short BUT let the price breaks the trendline first.
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Entry 0.62
SL 0.62575
TP 0.5905
Hi traders,
this is my setup for NZDUSD for the next week.
I will open 3 positions with 3 different targets at the fibonacci retracements.
The price is overall in a uptrend at the daily timeframe, so we will take some Pips with the correction.
Have a creat trading week.
Stefan Forex
Hello Traders,
Price didn't respect the trend reversal pattern and formed a new high, Now we saw some impulse to the down side and trend continuation is forming. Watch to sell as much high as you can.
Good Luck!
Cheers,
Jonas
