In this Setup we have a clean trend continuation setup!
IF market CLOSES above the orange line (0.382 fib speedline)
the trade is executed!
We then have the trendline support in combination with the 0.618 Fib retracement
which should give us enough support for another big move to the upside!
Hello Traders, here is the full analysis.
Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will...
Trend:
H4: Up (Not with the rules but other NZD is looking weak so taking the trade)
D1: Down
Moving Average:
With Daily MA
Opposing H4 MA
Pattern:
Butterfly on M30
Strong resistance at 0.6170
33 pip stop loss.
🏃 NZDUSD is moving near a 🟢 Heavy Support zone($0.6110-$0.6050) 🟢.
📈Regarding Classic Technical Analysis , it seems that NZDUSD has succeeded in forming a Double-Bottom Pattern , and we are currently witnessing a pullback to the Neckline .
🌊In terms of Elliott wave theory , NZDUSD seems to have completed 5 impulsive waves and is currently completing ...
BEARISH BIAS ON NZDUSD DEC(2023) WEEK 2
Anticipating a form of Price retracement into this Price level above 0.61580.
For my Short Confirmation and BIAS.
My dear friends,
Please, find my technical outlook for NZDUSD below:
The price is coiling around a solid key level - 0.6091
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.6106
About Used Indicators:
The pivot point itself is...
Hello,Traders!
NZD-USD will soon hit
A horizontal support level
Of 0.6076 and after that
I will be expecting
A local bullish correction
Buy!
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Check out other forecasts below too!
We can see a strong selling pressure in the weekly and daily time frame. Altough, the price is bouning of a Monthly FVG. We are gonna look for buying entty setups. At the moment, there are no reasons to buy, we are expecting the price to grab the liquidity of selling orders and then starts its journey towards the buy side. We will go for the strategy of wait and watch.
This pair on Daily chart, created a Shooting Star reversal Bearish formation. On the Hourly chart, you can notice a Heads & Shoulders formation followed by consolidation / correction to go Bearish.
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
According to the movement of the market in the high time, this possibility goes for an upward movement in the first few days of the week
Please follow the analysis and see the wonderful results
Hello Traders,
Hope you all are doing good!!
I expect NU to go Up from here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence,...
The overall trend is bearish, so am looking for the break or the structure and 4h close below the blue zone with a retest and a lower low close on the smaller time frame.
Alternatively I would wait for a pull back and rejection from the top of structure with a 4h close, or a 1h bearish engulfing / double top to take the short back down to the bottom of structure.
#NZDUSD
Been eating this pair all week, My last entry still running in profit
✅Almost 50+pips running
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