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Kiwi

NZDUSD POTENTIAL SHORT (4H TIMEFRAME) NZDUSD POTENTIAL SHORT OKAY SO I WAS WATCHING THIS PAIR AND ON THE 4H TIMEFRAME IT IS SHOWING ME A GOOD POSSIBLE SHORT OPPORTUNITY. IF YOU TAKE A LOOK AT THIS CHART YOU CAN SEE RECENTLY PRICE ACTION MADE A DOUBLE TOP; MEANING THAT PRICE FAILED TO BREAK NEW HIGHS AND ACTUALLY FELL TO THE DOWNSIDE AND BROKE RECENT STRUCTURE WITH STRONG SELLER MOMENTUM. THIS HAD DISPLAYED STRONG SELLER INTEREST AND AN OPPORTUNITY TO CAPITALIZE ON A POTENTIAL SHORT. LOOK FOR A CONTINUED WEAK BUYER PULLBACK INTO STRUCTURE. REASON WE WANT IT TO BE WEAK MOMENTUM IS BECAUSE THAT WILL BE A SIGN TO US THAT SELLER IS MORE DOMINANT AND JUST LETTING LAST BUYERS TO COME IN AND SELLER CAN TAKE EVEN LITTLE BETTER PRICE TO SHORT FROM (MORE PROFIT). WAIT FOR A PULLBACK INTO THE .66700 ZONE, WILL GIVE BETTER RISK/REWARD RATIO AS WELL AS MORE SOUND STRUCTURED SETUP FOR A POTENTIAL SHORT. IF PRICE ACTION COMES INTO .66700 LOOK FOR STRONG SELLER MOMENTUM TO CONTINUE BECAUSE THIS WILL SHOW THAT SELLER IS STILL INTERESTED. KEEP AN EYE OUT AND LETS SEE HOW THIS PLAYS OUT! CHEERS!
Short
by JosePips
2
EURNZD - Head and shoulders top in place.DAY TRADE - Expires at 9pm Trade Idea A bearish Head and Shoulders has formed. A break of the neckline is required to confirm the formation. The measured move target is 1.6300. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6800, resulting in improved risk/reward. We look to Sell at 1.6800 Stop: 1.6850 Target 1: 1.6675 Target 2: 1.660
Short
by Signal_Centre
NZDCAD Counter trend trade 5:1Possible buy on the NZD CAD We have sideways price action, followed by a burst to the upside AND a large wick rejection on the bottom, this implies to me there were alot of buying positions accumulated in that sideways motion, The most amount of volume occured at .8675 which is where I will be looking to buy at. We may not get a spike up to our take profit, I will be monitoring for early signs to close out since we are in a downtrend. Be one step at a time, we need to so how it reacts at the entry first. 13 pip stop, might be a little to tight.
Long
by elevatedinvestor
Kiwi to Falter? - Ichimoku NZD/USD Short Trade Opportunity The good NFP and economic data helped the USD surge across most major pairs on friday. I am looking for a drawback then chance to hop on to some hopefully continued strength. I would like to see a drawback and rejection at the zone I've drawn to validate a sell upon a kumo breakout. We have our ichimoku bearish confirmations, but we'll want to see those hold and continue to develop. As an alternative I may set a sell stop below the previous candles wick to enter short, should we break that level of support without getting the drawback I want to see. If either of these scenarios fail to develop, this setup may become invalidated.
Short
by The808Trader
2
NZD over AUD? - Ichimoku NZD/AUD Short Trade SetupThe kiwi has been fighting back across the board but especially against the aussie recently. We are at an important price structure level that if we break, should help the bearish trend continue. I think this will be a good candidate for a sell stop for entry, but as an alternative we could wait for a drawback and rejection at tenken sen to enter a sell. I've drawn some horizontal lines at price structure levels where I'll be taking partial profit at along the way to the longer term target. Per my usual style I adjust the stop loss into profit as this advances, and I leave partial position open even past my long term target, as long as the trend is still valid. If we fail to break lower or get a drawback and rejection, this setup may become invalidated.
Short
by The808Trader
1
Kiwi Ready to Rise? - Ichimoku NZD/USD Long Trade SetupThis is the same setup as last week as we continue to watch this develop. We have formed a new higher lower but I still want to see that break of price structure resistance before I open a long position. There may be some volatility this week as more Trade War rhetoric is hashed out by the Trump administration. It may give us the push this setup needs to get a bullish breakout. If we can't break through that price structure resistance or if we break back down below our new price structure lower high, this setup may become invalidated.
Long
by The808Trader
1