Ehh this one has some SL. I'm entering only because I'm bullish on this pair today :P Don't blame for losing your 10 pips even if it hits SL!!!
The daily candle formed a strong bearish engulfing candle which confirms the sell set up posted yesterday. An expected 50% fib retracement is likely to occur which means you can get in on this trade even if you missed yesterdays entry. You could guard this trade by moving your stop loss to break-even as I am if you caught yesterdays entry. Stay with this trade...
The pair has rejected a break of the daily trend line and is expected to begin a decent down to the 0.65500 level with further downside to 0.65000 open. If the pair does form a candle with the body of the candle below the trend line it should confirm a move to the downside. Trade carefully and good luck!
MACD on 4h turning negative, divergence in play. Expecting a breakout to retest lows and for weekly downtrend to resume. Hope this one plays out!
Based upon the 1 Weekly chart, unless someone can clarify my understanding, this chart and indicators establish a short position option going down to .61 something... Tell me what you think.
Prices have been testing KS but it seems they don't want to cross it... Since there has been a pullback it might be a good opportunity to short again the pair.
Fib 61.80% corresponding to Tenkan Sen was tested but rejected. Next support 0.63936.
We found a bearish setup on the pair 2 weeks ago. Check it out: www.ichimokuforex.com
Check out my previous analysis www.ichimokuforex.com
Check out our last post! www.ichimokuforex.com
As analysed this weekend, NZD/USD pair looks more and more ugly... LS has currently broken its cloud, and prices crossed down their KUMO as well...Let's see if it's confirmed with the daily candlestick, Check out our latest analysis on www.ichimokuforex.com
As highlighted last week, we found a bearish setup on this pair which is likely to continue next week. Check out our full analysis on www.ichimokuforex.com
Our last week bearish setup (check it out!) regarding NZD/USD is doing very well. An interesting thing is about to happen on the daily. The LS is on its way to cross it's KUMO which is a big signal that the trend is on. Since prices are currently crossing their KUMO it's interesting to see how it will evolve today. Below 0.65454 the LS will have no support until...
Check out our latest analysis on NZD/USD which was validated today! www.ichimokutrades.wordpress.com
A complete five wave rising wedge pattern. Price broke the lower rend which is a clear indication of downward movement.