NZDUSD Short Zonelooking for Shorts on NU as we are at resistance on 2 major trendlines
Looking for a break for the blue trend line for entry
NU
NU Potential ShortIf you follow the Elliot Wave Pattern that I have setup it shows a potential bearish move. I used the FIB PRZ zones to predict where I think the price will drop to and then a FIB extension to predict a future long if the price drops to where my prediction is. Based on previous movement, I suspect this move will be over the course of the month of February. This isn't a signal, just my thoughts on NU.
NU - H4- Continue wave 5 ---> TP: Green line
- And then sell setup at 0.72 - 0.725 ---> TP: Blue line
- Overall wait breakout down to ---> TP: Purple line (0.68 - 0.675)
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Good luck
Waiting Is Happiness ^.<
Trade What You See, Not What You Think
NU short on H&S and overbought RSIthere appears to forming a head and shoulders pattern on NU. Also RSI and Stoch seem overbought.
Weekly chart showed a bearish pin two weeks ago, and price is now at 50% retracement of last major swing down.
All in all, this seems a nice opportunity to short NU. although there is the obvious risk of FOMC ahead, so small trade size...
TP1 a the neckline, TP2 at 1.618 extension
just my idea, appreciate feedback and or constructive criticism
good luck
NUOn the 4 hr chart NU is in a downtrend. I'm looking to sell at on this pair when it hits areas of resistance and or supply and demand levels. I see it doing a retrace and continuing down a bit.
NZDUSDThe NZDUSD pair on the daily chart has had good signal drop which shows the rupture of the average of 62 periods which may indicate that the price could fall to an average of 144 or until the moving average of 200 in the next days .
The goal I've put in the chart on the following media are breaking the moving averages which in my opinion can be touched without any problem
please comment and if you like please share
check the updates
NZDUSD SHort Possibilityit looks like a rising wedge and a bigger ascending triangle on this pair which both indicate a probability of a short position. we will see what will happen.
NZDUSD - Time For BearsPrice broke support and has pulled back
Plan is to short the pullback
RSI DIV
MACD4C DIV
10MA Crossover
Trade will be entered on blue support break
TP1 @ 180 pips
TP2 @ 300 pips
NZDUSD going up.Looking at price action, it might go higher. Probably test supply structure above, go back down, then go up. Updates soon. Just bough at market right now. Then buy the retrace to catch the move up. :D
NZDUSD descending trend channelSimple descending trend channel. In the background the RBNZ have publicly stated they want it to fall and are likely to take action to do that. Wait for PA to touch the upper channel then short for great risk/reward
NZDUSD SHORT FORECAST I am still holding this short - seems to be no brainer but numerous bumps as it travel south - will hold till 0.68009 long term.
#NZDUSD - STRUCTURED CONSOLIDATION - BUY! As you see there is a high structured consolidation going on on this NZDUSD pair. The consolidation is happening a lon time already, but this one seems extremely structured. Could be a good opportunity, or a pure technical failure.
NZDUSD Daily analysisPrice forming the 4th correction wave to the top of the channel and into supply zone. Risk to reward is worth taking a trade.
