Potential short opportunity on NZDUSD for next weekLooking through to next week, if price pushes up to the 6850 area ill be looking to short the market
I have shown 3 potential targets based on your risk appetite
Option 2 & 3 would be dynamic targets where as option 1 is a static target and a re-test of the lows
GOOD LUCK TRADERS
Kiwidollarshort
FEB 26TH - MARCH 5TH TRADE PLAN FOR #NZDCHF? GOOD DAY SUNDAY TRADERS!
From the desk of The Trading Regime, we have discovered an opportunity for NZDCHF.
Here are some simple reasons for taking a trade to the downside on this pair:
Weekly Bearish price action candlestick with closure to the bear side
Break in Daily Structure
Daily Bearish Engulfing candle
Potential correction in CHF currency this week.
OANDA:NZDCHF
As always, risk no more than 1-3% per trade, and don't risk more than you're afraid to lose.
The Trading Regime.
NZDUSD Kiwi Sell IdeaAfter we now have finished an equal lenght upmove pair we are right in the zone that looks interesting when you look left (i dont like to call that resistance or anything like that...).
We are at a decending trendline as well.
Look for the orgin of the downmove to determine where your stopploss must go.
Dont trade more than 1% risk.
Learn how to calculate lot size... or ask me...
This is not a trade call ;)
Good look.
short at 0.7181 for target 0.7130 (51pips)i short Nzdusd because:
he is overbought
he outperform and all currencies even the Cad who is the most strong after
he is touch many time the down T-line since 27july high and no pass
he is supported by commodities
so i try a small short for 50 pips
2 x 1lot
will cut 1 lot at +15-20 pips and make the second lot with SL at +5-10 pips for secure gain and be safe
short at 0.7120 for target 0.7055 SL 07154short eh kiwi dollar he is just under ma50 weekly and is big resisantance to pass
even he was supported by a weakness dollars but more by copper he need a consolidation from my view
Aslo dollars should rebond today or the new years 2 january this selloff has no sense
short at 0.7120
target 0.7050
gain 70 pips
Stop los 0.7154
loss 34
NZDUSD SHORT: Fundamental and TechnicalNZDUSD touched a 14-month high yesterday at 0.7344.
However, I believe it is overpriced, because:
Fundamentally: the RBNZ are in a easing cycle, and cut rates at their last meeting. However, RBNZ struggled to devalue the NZD with their rate cut.
Thus, I believe they will take a different approach in the coming months to devalue the NZD - perhaps in the way of a 'surprise' cut.
Technically: NZDUSD shows strong divergence on a 4H chart. It retreated quickly after touching the 14-month high above 0.734.
There is strong resistance in the 0.733-0.734 zone. This is confirmed by the last rejection from this zone in mid-July, where the Kiwi retraced back to 0.70 in the following 2 weeks.
Summary: Below 0.735, NZDUSD is set for a move back to the 0.70 handle. A break of 0.735 would expose more upside in the pair. However, any gains above 0.735, for example to 0.75, should be short-lived.
NZDUSD Daily Outlook + TCT+ Bat PatternNZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out.
I have made a "Kill Zone" using a variety of technical patterns.
1. We have a Bat Pattern completion @ .7565
2. ABCD Pattern (just barely makes into my kill zone) completion @ .7414 along with the 78.6% Fib Retrace
3. 1.618% Ext - Pulled from lows to B leg of Bat Pattern. It has a nice confluence with the Bat Pattern
This will be a HIGH CTS (Combined Technical Score) trade IF market will push back up there.
Best of Luck!