NZD/USD 3 day update for Long :)
Updated
Since my first post we have seen NZD/USA break a key level happened last night with a strong 12 hour push breaking the 4 hour and 12 hour level now looking to hold this level above my horizontal ray in green at $0.69693
From this we can expect a small accumulation as the higher time frames momentum continues to shift back up.
I expected the real push to start premature in next 24 hour or at the start of the week so most people miss a good entry from the weekend break.
My prediction for the price of NZD/USD is based off the following indicators.
RSI had a great push up over last 12 hours and still has not peaked leaving plenty of room to go up with the confirmation of smaller time frame levels broken, i expect the RSI to level out from accumulation before the push up.
We can also see that on the TTM SQUEEZE it failed to fire short on the 12 hour and turned long. A very bullish signal for the month ahead.
This also has once again lined up with the shift of momentum to the up side on the daily and weekly time frames ion the TTM SQUEEZE
And finally we have the monthly trend that we bounced off and broken the smaller time frame levels again.
If you have not got a long entry yet and considering one i would be looking to place them around my horizontal ray and stack in small lots over a a nice range to try get the best entry
My green line is the rough project price action of NZD
HAPPY TRADING :)
Do not forget to follow if u like what u see
From this we can expect a small accumulation as the higher time frames momentum continues to shift back up.
I expected the real push to start premature in next 24 hour or at the start of the week so most people miss a good entry from the weekend break.
My prediction for the price of NZD/USD is based off the following indicators.
RSI had a great push up over last 12 hours and still has not peaked leaving plenty of room to go up with the confirmation of smaller time frame levels broken, i expect the RSI to level out from accumulation before the push up.
We can also see that on the TTM SQUEEZE it failed to fire short on the 12 hour and turned long. A very bullish signal for the month ahead.
This also has once again lined up with the shift of momentum to the up side on the daily and weekly time frames ion the TTM SQUEEZE
And finally we have the monthly trend that we bounced off and broken the smaller time frame levels again.
If you have not got a long entry yet and considering one i would be looking to place them around my horizontal ray and stack in small lots over a a nice range to try get the best entry
My green line is the rough project price action of NZD
HAPPY TRADING :)
Do not forget to follow if u like what u see
Trade active
Note
we had w wick down to the green horizontal ray like predicted. i have taken some profits but looking for the real first target for the week of 0.70960.I will look to add to my longs at 0.70020 and also 0.69715 with my stop at 0.069500 clean.
We had a very clean RSI bounce on all levels and the NewZealand dollar is strong with good continuous news.
I am still expecting both targets to be hit this month.
TTM SQUEEZE -Failed to fire short on 12hour and turned long.
3 days ago but now looks to squeezing on the daily.
This could be the big push up we have waited for or the swing back down.
sorry for less TA but its late and im already happy with my T/A for this chart.
Trade closed: target reached
first target hit
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