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NU

NZDUSD SELL SET UP (WEEKLY)Hello everyone, I was a bit worried about NU for a couple of reasons, it kept doing 100% retracements and in my opinion one of the pairs that I really don't trade but this BOS( Break of Structure ) on the weekly tf shows that even if it does another 100% its going to be heading to the downside(bears). I charted some possible areas were we might see the retracement before heading down, please let me know if you have any questions. I would love to offer my help to new traders by answering questions they might have or if you would like me to look at your charts feel free to send me a message. Thank you.
Short
by ApxnLiving
Nzd/Usd Wedging Head & ShoulderLooks like price is making lower lows and lower highs wedging into the neckline of the head and shoulders pattern we are in. Looking for a break of the neck to signify the swing is in affect and will be thinking about shorts this week. If the last high/right shoulder is broken then we might test the head again and push through up to 1.618 fib of last weeks bull this week. Hope it helps, trade with caution. Trade study not investment advice @Grateful_Charts on twitter www.gratefulchartartist.com Live Study Blog www.linkedin.com
by davistradingforex
3
NZDUSD-"better to fail in originality & not succeed in imitationHope everyone has had a great year of trading. I know I haven't posted here in a while but i'm going back to making a habit of it. Lets take a breather from GBPUSD and attempt this simple cyclical trade. An easy 100 pips is up for grabs should price come to our entry point. Although not entirely recommended , aggressive opportunities exist on the way down, if you can manage the drawdown whilst being true to your own risk management rules then position yourself as price moves down. I know I will :) The year is over but that doesn't mean risk management falls out of the window. Stay Safe and Good Luck!!! Forex is Risky afterall.
Long
by Mutondi
4
NU Bearish Butterfly IdeaThis is probably a long shot, but ultimately, I'm looking or the price to retest the 0.72950 level for a short position. To get there, price may jump around and potentially form a butterfly pattern. Harmonic patterns are useless to predict until at least the C leg, and we aren't even there- but hey, that's what I'm doing. I'm looking for the price to react at 0.72130 off of the 0.382 of the X to A, which is roughly where the 200MA (1h) is headed. If an hourly candle closes below this level, this will invalidate the pattern (but not necessarily the location of the short). My target to enter a short is 0.72950, as mentioned above. I'll update my idea if/when we get to that level with TP and SL. The 09/05/17 jump in price is iffy PA to short, but we're still in a downtrend on the 4h even at that level. Good luck and thank you for looking. -Zedro
Short
by Zedro