Bullish All The Way
Updated
This is a great season for this pair. It is not everyday we are lucky to find all timeframes aligned in the same direction. This is the case on the NZDUSD today. As at the time of this analysis, all of the timeframes of our analysis, from the Monthly down to the 1 hour, are aligned bullish and they are scream BUY.
On the 4 hour chart, we see that the market is in an uptrend. Price has come in to test our zone and from there we have seen the 1 hour bullishness begin to take off. As at the time of sharing this trade idea, the market has also begun to make progress with the bullishness. We have just witnessed a break of structure bullish. We will now wait for price to pullback into our refined 15 minute zone, from which we will look to take the bullish trade.
If price crashes our zone, then we will as always declare a "setup invalidated", we will abandon this setup so far, and begin our analysis setup anew, in line with new market direction.
On the 4 hour chart, we see that the market is in an uptrend. Price has come in to test our zone and from there we have seen the 1 hour bullishness begin to take off. As at the time of sharing this trade idea, the market has also begun to make progress with the bullishness. We have just witnessed a break of structure bullish. We will now wait for price to pullback into our refined 15 minute zone, from which we will look to take the bullish trade.
If price crashes our zone, then we will as always declare a "setup invalidated", we will abandon this setup so far, and begin our analysis setup anew, in line with new market direction.
Note
Update on AnalysisWe see considerable progress from our analysis of yesterday. Prices are expected to go towards the 1 hour target adn from there continue bullish for higher prices
Note
UpdateThis pair has continued to show back-and-forth movements. sparking largely of indecesion. lol.
We saw prices move away from our zone towards the 1 hour liquidity target.
We have seen prices come back towards the zone.
We are still looking to see prices make a final decision to move and rally towards the extension.
We are holding on to our position and looking for prices to give us a bullish run.
Note
Welcome back guys!The market went through our zone and phased out our chances of a buying opportunity. You know the good news guys, it is that we did not get to take a loss on the move, because we didnt even have an entry setup. So our trade plan saved us from the trouble of losing money.
The market is now in a bearish swing on the 1 hour timeframe. We have marked out our zone, from where we expect to see prices reverse. So first of all we will wait for the rally, rally into our zone, and then look to catch a traed opportunity towards the liquidity target.
Note
Missed by a WICK...! lolWe missed entering on the last downswing, because of our zone refinement. Market came a few pippets shy of our zone before it reversed, without affording us the opportunity of riding that wave.
But here is the good news guys! The waves never stop. If you miss one, just brace up and wait for the next. Surfers understand this better.
As we speak, the next wave is building up. Are we ready to take it...?
Price is already in our zone. I am waiting for a confirmation of the bearish reversal, and then I will grab my surf board and glide all the way down with it.
Note
And so we closed this down down trend by catching the last bit of the down movement.
Caught a nice 1:10 Reward down here before the market moved to reverse bullish
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