We are going to place some sell limit orders at Fib 0.5 and 0.618 which overlaps with Daily and 4H Trendline. Trend is quite bearish. As long as a price below mentioned obstacles, no room for buy on daily trades.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.61000 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61000 support and resistance zone. Trade safe, Joe.
Honorable Traders, Greetings to you all. It is with great pleasure that we present our incisive analysis of the NZDUSD. Our meticulous scrutiny has yielded the following insights: • Short-Term Outlook: We anticipate a bullish momentum. • Mid-Term Perspective: The trajectory seems poised for growth. In light of these projections, we propose a tactical approach as...
Price has pulled back into a Key Daily Area on the 4H and rejected with an evening star candle below the 100MA. This is double-confirmation and signs that we may continue to see more downside.
USD Average Hourly Earnings m/m USD Unemployment Rate Today many red news! Will look into short from the consolidation i have marked! Few confluences that make me to look into shorts is that weekly market structure remaining bearish + price filled weekly imbalance with confirmation on lower time frames. Just an idea for you and opportunity for me ))))
On the 1 hour chart, we can see more closely the recent price action with the pair now trading at the support zone. If the price were to break above the black counter-trendline, we can expect the buyers to gain even more conviction and increase the bullish momentum, although a lot will depend on the US NFP report today as strong figures across the board will likely trigger
Market Analysis: NZD/USD Remain In Uptrend NZD/USD is also moving lower and might attempt a fresh increase from 0.6000. Important Takeaways for NZD USD Analysis Today NZD/USD is also moving lower below the 0.6030 support zone. There is a major bullish trend line forming with support at 0.5995 on the hourly chart of NZD/USD at FXOpen. NZD/USD...
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 0.5975, which is an overlap resistance. Our take profit will be at 0.5953, an overlap support level. The stop loss will be placed at 0.5990, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
Will it bounce off these implied fvg? Its amazing how accurate they are sometimes but still anything can happen, especially if the market has extreme sentiment bull or bear. Always keeping rr in mind.
The Kiwi (NZD/USD) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60181 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 0.59750 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take...
After moving under monthly support level and also by respecting bearish trend channel, finally price made bullish breakout from this channel. Now me expecting bullish momentum from this pair.
NZDUSD is falling towards an overlap support level which aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit Entry: 0.59903 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement Stop loss: 0.59404 Why we like it: There is a pullback support level Take profit: 0.60457 Why we...
Rejection off of 60% levels, while also in a downtrend. Tomorrow is Friday markets will be closing out of the week but top of next week will be either continuous trends or reversals. NU will be a strong rejection and continuing in a bearish pull.
NZDUSD - 24h expiry Price action looks to be forming a bottom. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 0.6050 will confirm the bullish momentum. The measured move target is 0.6100. We look to Buy at 0.6020 (stop at 0.5992) Our profit targets will be 0.6090 and 0.6105 Resistance: 0.6050 /...
Hello Everyone, For a bullish trend to continue, NZD/USD must surpass the monthly pivot point (1M PP) and maintain a stable position above it. Failure to breach this level could result in the 1M PP acting as resistance, potentially prompting another downward test before upward momentum resumes. TradeWithTheTrend3344
What's the reason behind this setup? Always DYOR. LETS GO!!!!!!!!!!!