NZDUSD Trade IdeaWe have the beginnings of another reverse head and shoulders forming, with a clear neckline.
Fib support was perfectly formed and given the recent shifts in USD weakness, this trade has great potential.
Kiwidollar
NZDJPY 2HPrice action still looking bearish even though Nzd came out stronger after talks on monetary policy. Will keep an eye on this setup for a break & retest of support turned resistance for shorts..
GBPNZD 4HTrendline breakout, pound news shortly I will look to potentially enter on the retest of broken support, or on the break of support..
NZDUSD - H4 SELL SETUPNzdUsd - H4 I prefer shorts on current levels due to technicals and market sentiment which favours a stronger dollar at current levels. Major trend is still down for dollar so this would be considered a counter-trend trade
NZDUSD 2HWatching for a break either direction. Price does look to be getting ready to repeat its self though.. Will wait & see :D
GBPNZD 4HPotential break & retest here, now would like to wait for this candle closure for more confirmation..
AUDNZD DailyKey support broken now testing as resistance, will be watching for a reversal pattern on the lower time frames for entry confirmation
EURNZD 4HBreakdown of this pair, will be watching for a break of the CTL for shorts down to the channel bottom, or a rejection from where price is currently at to continue higher.. NZD news this afternoon so this will be the catalyst if we get a further pullback or push to the top of the channel
EURNZD DAILYInverse head on shoulders neckline broken, now watching for a retest to broken resistance turning support to jump in this pair..
NZDUSD 4HDouble top pattern played out well, now broke below support. Watching for price when retesting this zone for potential entry
AUDNZD 2Hafter a 200 pip decline, price is now back at daily support. From here its possible price can see a bounce back to the upside. Will be watching for a daily closure
AUDNZD DailyBullish engulfing & price action the last days of this week, breaking out of its triangle pattern.
NZDCAD 4HPrice broke its uptrend line with a bearish engulfing candle & retested, CAD news in the morning will be the catalyst to moving this pair..
NZDJPY 4HPrice not rejecting off its uptrend line / support. With NZD CPI numbers later today how price could make a strong move to the upside to create a new high
NZDCHF 4HSimple trend analysis, making higher highs & lows. Double bottom to daily resistance, now watching for a break of the counter trend line & retest for buy opportunities. Lets see how it plays out this week!
AUDNZD 4H3rd touch to the descending daily trendline, now the counter trendline is broken price is headed down to daily support
EURNZD 4HPotential abcd pattern here, price could now be in an uptrend making higher highs & lows. Higher low completed, now a new higher high up to strong Weekly resistance is potential
EURNZD 4HPrice broke its CTL, now watching for a potential retest for a continuation down to make a new low
