Kiwi
EUR/ NZD Here, on the 4H we have a Deep Crab Pattern on the Euro Kiwi. Now, Knowing that the COT report is in favor of buying i am trying to find buying oppritnities for the Euro. The Kiwi is also in buying favor coming from the COT, but not nearly as much buying power as the Euro. I am expecting a little drawdown but overall an upward move
NZDCHF (July 19)Price is looking like it will continue the move to the downside. On the lower time frames, a correction is forming which adds confluence for the continuation. Of course there is a possibility we hold this channel bottom and head back up to the channel top but the market will give us confirmations in order to take advantage.
GBPNZD Trading Into A Temporary Setback?Hello traders!
GBPNZD is still slow here at the lows, but based on intraday view, seems like price is still looking for a bigger corrective recovery in wave 4 which can retest the 1.9450 – 1.9650 resistance area before we may see a continuation to the downside within a wave 5.
Trade well!
NZD/CHF (July 12)I have been watching the kiwi for weeks now and price action has just been developing. Price is at key level of value, similar to NZD/USD so I will be watching to see how the NZD pairs perform this week. Price has formed a channel and now we have touched the top there is a possibility for price to move to the downside. For the longer term play I would be looking at 0.60400, which could then form a double bottom.
NZD/USDHello,
I've got for you two nice ideas with smashing R/R, over 8 R:R in both cases.
So this pair has arrived in a key area, please check on daily, weekly and mothly TF for bigger picture and a nice overview.
The pair has right now arrived in a supply zone on daily, in this case we have to wait and see what will happen on NY Open. if the price will break the 0.65750, we could go in a long but only after testing the zone, we could aim the high price from July 2019 and 31 December 2019.
The back up idea is a short from 0.65750 till the base of this formation @ 0.64300 - 0.64200.
Let's wait and see what is happening on the New York Open but personally I see a bias change on this pair and we could see a nice long, also I checked the economics from both sides and from USA we have worst news, the fight in the streets, number of COVID-19 is on rising trend, on the other hand,if we talk about pandemic problems, in NZ the situation is under control and they report under 30 cases since April.
More updates will be here soon !
Stay safe and have a good day !
NZD/USDHello,
Please take a short look at this chart !
This pair is on demand level and could offer us a nice R/R, depends on your appetite for risk ! You could set your 1st TP at 0.64212 and second at 0.64450, the SL at 0.63818
I have a question for you and I will be glad to optain some opinions here .
I want to make a group, it will be a free group !!!
What kind of platform to you use mostly for this kind of trading idea groups ?
This group will be based on trading using supply and demand, low leverage, like 1:100 and most of the time with R/R more than 1:3
All ideas must have a minimum of 3 opinions for good trade or a bad trade !
Thank you for your opinions and stay safe !
EURNZD - Buying a corrective dip to the 78.6% retracement EURNZD is Bullish - We look to Buy at 1.7295
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Bespoke support is located at 1.7295.
▪️ A bullish reverse Head and Shoulders is forming.
▪️ We have a 78.6% Fibonacci pullback level of 1.7295 from 1.7190 to 1.7653.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7370, resulting in improved risk/reward.
Stop: 1.7235
Target1: 1.7535
Target2: 1.7650