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Nzd_usd

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
NZD/USD - Buying The Dip - 7/18/2016For last many months ( almost a year now! ) New Zealand Dollar is exhibiting the similar pattern. Whenever it looks like NZD/USD is going to drop hard, it pops up right back and starts going up. In our last post we mentioned that NZD/USD has gone too far too fast and it is natural for a currency to pullback but that doesn't mean that we should start shorting it with vengeance. In our opinion, NZD/USD dips should be bought. Even if RBNZ cuts rate, it is going to be the dip to buy into. Currently we are looking for entries near 0.7000 for quick trade with the thought in back of our mind that that level can give up during the think of the things. But the 200 pip region between 0.6800 - 0.7000 won't give up easily even if things turn around. So in short, we prefer trading it from buy side until it starts closing below 0.67000. For USD/JPY as we mentioned, there is no need to panic during the dips and one should keep buying it until circumstances changes. We are trading it from long side and ready to add during pullbacks near 103 too. Present trading conditions are not ideal for buy/sell and forget even though trending characteristics are visible. Every 30 / 50 move in the direction of trade must be grabbed and one should add / reduce the position size accordingly.
Long
by BombayBulls
NZD.USD - Bearish Bat Pattern - 0.6938On the NZD.USD 1h chart we have a potential short opportunity at the D leg completion of a Bat Pattern. The price reversal zone on this pair is between 0.6938 & 0.6946 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Fibonacci Confluence: 88.60% - 1.618% Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at around 0.6829 Stop loss would be placed above X leg structure resistance. Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com
Short
by UnknownUnicorn180388
2