Monthly timeframe - Last monthly candle bearish rejection wick -> when looking at the zone that caused that bearish rejection not a single selling region was hit - Inverse head and shoulders with a false break of the shoulder 1 region and currently trading back above - If the bears want to kick in higher liquidity will be needed Weekly timeframe - Bearish...
Weekly timeframe - Bearish -27 fib completion - Bullish indicational candle - Bears can kick in again at the 0.61492 region (position will get fully closed here) Daily timeframe - Inverse head and shoulders 4H timeframe - 5-leg fib completion as my entry criteria (proven daily supply and demand zone)
NZDUSD Buy Stop Loss: 0.591 Targets: 0.599 0.600 0.602 0.604 0.606 0.608 0.611 0.614
✅NZD_USD will soon retest a key support level of 0.5944 So I think that the pair will make a rebound And go up to retest the supply level above at 0.6000 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
idk what the time was lol - BUT IDC OMG IT WAS HORRIBLE - so many mistakes -trading after such a move: stupidity -the POI: really dumb Im not gonna go into detail about the trades: both were bad (one was winning but still bad) overall PnL: +0 pips (a red day wouldve been better)
The market is testing the swap zone on a 4H timeframe. FX:NZDUSD lost momentum near the resistance zone. The resistance zone was tested multiple times before, when the market was pushed lower several times. I expect a pullback from this zone because the market is near strong resistance. Furthermore, we have a divergence, which suggests that the market might pull...
Hey Traders, Technical Analysis is really the art of identifying probability within any market. Seeing where traders have acted previously and using it as a machine to calculate the kind of odds you have. Reactive price areas, not points, are usually places where orders have gone in and out and therefore can be identified as probable/improbable based on their...
As the NZD/USD pair hovers around 0.6042, traders are closely monitoring its price action amid a backdrop of technical indicators and impending fundamental events. Recent movements suggest a potential continuation of the bearish trend, characterized by a convergence of factors including Fibonacci levels, RSI divergence, and a looming RBNZ meeting. The NZD/USD...
As the prices respect the channel, i'm expecting the price to reach 0.60973 after the retest
Preferred direction: BUY Comment: The New Zealand dollar copies the situation with the Australian dollar. Here, we also continue to adhere to the previously outlined long scenario and have almost already reached the target at the level of 0.60713 . Today, it is relevant to consider short-term purchases with the same target at the level of 0.60713 . There...
NZD/USD Rate Increases after the Decision of the Reserve Bank of New Zealand This morning the Reserve Bank of New Zealand (RBNZ) decided to keep interest rates unchanged at 5.5%: → the decision to keep the interest rate at this high level is made for the sixth time in a row; → the RBNZ said rates should remain high for some time to ensure inflation is...
The Kiwi with ticker NZDUSD woke up last year with a strong reversal on daily chart after a completed larger, higher degree (A)-(B)-(C) correction in B/II, which can be signal for completed deep correction, especially after higher highs and higher swing lows formation up from November 2023 lows. In fact, there was also some nice accelerating price action through...
A sell stop placed on NZDUSD following a Double top pattern made on the 1H timeframe, making a sellstop entry at 0.60491 Stoploss at 0.60775 and TP1 being 0.60194 and TP 2 being0.59830 almost
Disclaimer: Trading the financial market carries huge risk, my contents and materials are based on my own personal experience I have had in trading. you could potentially lose all your money. so do not blame me for any financial losses. apply proper risk management.
NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...
- Everything on chart - Will monitor when price hits my short trade look, however if that fails, there is a stronger sell zone marked in the yellow box
NZDUSD Extends Gains After RBNZ Rate Decision NZDUSD is extending gains after the RBNZ Rate Decision. RBNZ committee expects higher rates will bring inflation back within the target range. The central bank has decided to maintain its Official Cash Rate (OCR) at 5.5% for the sixth consecutive meeting. The RBNZ expressed confidence that keeping the OCR at a...
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