Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61600 support and resistance area. Trade safe, Joe.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
In a recent post, I emphasized that it is of paramount importance for Kiwi bulls to maintain the 0.6010-0.6030 zone. As long as this level remains intact, the drop from the recent peak is considered only a correction to the initial upward movement that began in November of last year. As indicated by the chart, this level is identified by horizontal support and...
Price reached a supply zone which was the goal this week. Looking for bearish momentum to occur if enough sell orders are there. Will be waiting for more confluences to take a sell.
NZDUSD: Structure Analysis - LONG The price found strong support near 0.6050 and paused in this area for about 1 month. As long as it didn't move lower, this is a sign that the price should start to rise again as shown on the chart. The stochastic indicator is heading up and is about to reach the upper band. However, there is still room to rise before the next...
NZDUSD has been languish around lately. It had a good jump during year end last year. There seems to be a H&S formation on the cards. Watching this like a hawk.
NZDUSD Short at LH (also 0.5 FIB ,bearish divergence , trendline resistance intact) SL , TP mention in chart
Market Analysis: NZD/USD Grinds Higher NZD/USD is rising and could extend its increase above the 0.6130 resistance zone. Important Takeaways for NZD USD Analysis Today NZD/USD is gaining bullish momentum above the 0.6080 support. There was a break above a major bearish trend line with resistance at 0.6105 on the hourly chart of NZD/USD at FXOpen. ...
fair value gap, imbalance, discount zone, choch, order block. big RR
Looking to sell on that area. Waiting for confirmation when price is there, but seems valid point to sell for me. Your thoughts?
Liquidity Sweep followed by strong impulsive move to the downside to start the month of February. Entry will be off the 79% (0.786) Fibonacci retracement level using a limit order. Order block in blue is also in alignment with entry level. Levels 1 and 0 represent the Stop loss and take profit levels respectively.
We are cautiously bullish for the week ahead. NZD/USD’s three-week oldrange of 6040-0.6175 remains intact, but the recent rebound imparts upward momentum such that a test of the range high is possible. This technical view is supported by recent NZ fundamentals, notably RBNZ Chief Economist Conway’s hawkish speech, and then strong Q4 jobs data. RBNZ Governor Orr’s...
Trend just started. Due to divergence bearish trend breakout. New HH, HL started
📉 Initiating a NZDUSD SELL trade strategy. Consider entering now or before reaching 0.6200. The profit-taking plan includes targets at 0.6120, 0.6070, and 0.6020, while implementing a safety measure with a Stop Loss set at 0.6300. May your trade be prosperous! Feel free to share updates or discuss any aspects of my trading strategy. Happy trading!
This idea comes from the Mitigation of the OTE Level of the latest Bearish Impulse. There's a 5m shift, that allows us to look for a short
Market Structure Bearish on Higher Time Frames Strong Weekly Rejection on Previous AOI Weekly EMA Retest Strong Daily Engulfing Candle Daily Previous Structure Point Weekly Rejection At AOI Daily Rejection at AOI H4 EMA Retest Around 61.8% FIB Retrace REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be...
Price made a typical Tuesday low of the week and rarely comes back to those levels or even the week open after Wednesday. Pay attention to the levels it is going (breaker with fvg) and the USD news that are approaching in 2 hours. Big move towards the upper FVG is anticipated.
breaking the ascenging channel and retest pin bar candle what you think??