Nzdlong
Lets catch some long pips on NZDUSD pairOpen Buy position on NZDUSD - 0.6744
SL - 0.6727 (17pips)
TP - 0.6838 (94pips)
RRR - 1:6.26
Reasons - at bottom of global flat 0.6715-0.6930 and good reversal pattern (buy level+angle level)
NZDUSD approaching resistance, potential drop!NZDUSD is approaching our first resistance at 0.6852 (100% Fibonacci extension , horizontal swing high resistance ) where we might see a drop in price to our first support at 0.6803(100% Fibonacci extension ,38.2% Fibonacci retracement, Horizontal pullbakc support).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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NZDCHF approaching support, potential bounce!
NZDCHF is approaching our first support at 0.6684 (horizontal swing low support, 100% Fibonacci extension, 50% & 38.2 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6748 (61.8% Fibonacci retracement , horizontal overlap resistance).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
NZDUSD LONG TO 7000 - THEN SHORTA final move to 7000 can be expected before some weakness to set in. Something to watch over the coming weeks.
NZDUSD; Short for 20 pips and than Long for 50 pipsNZDUSD; Short for 20 pips and than Long for 50 pips
UPDATE: NZDUSD | Price Ready to Move HigherHello Traders,
Look for price to continue to move higher despite the deep pullback. See related idea for more context.
NZDUSD - H4 - BUY SETUPNzdusd - H4 chart - Price is at a very good level to jump in head first for a buy trade!! 60 pips stop and a 200 pips target!!
NZDUSD A Few Possibilities Few possibilities for the NZDUSD, this week the market will be focused on the tax bill which is likely to be passed soon so we may get some dollar strength and hence a lower NZDUSD however our entry is still based on signs of supply and demand entering the market so no entry until a clear sign.
NZDUSD LONG 3rd WAVE START FORMINGPLACE BETS ON THIS GOD'S STRATEGY CONFIRMATION TRADE! TRADE OF THE WEEK! LET'S WIN. RISK ACCORDINGLY
Aud/Nzd big drop before an even bigger up-movePrice rebounded of the Daily/Weekly channel resistance trendline, made an impulse and now its correcting forming an Irregular flat. I think the move to the downside is about to start any second.
I would place the stops above the previous high because i dont think twe are going higher than that.
NZD: Consolidation in the long-term support zone.Consolidation can be broken both down and up. With a small stop, the profit factor can be good enough for such a small consolidation.
Why was the short position opened:
NZDCAD - Long opportunity, gartley and 2618 in the background8 failed attempts to close below 0.92900.
We find heavy support here looking back historically aswell.
In the background we also see a completed gartley, and we also have a double bottom followed by a 61.8 retracement which acts as my entry point.
The momentum is turning in our favor.
IF, however, we break to the downside we will most likely find another interesting opportunity around 0.92700 level. This is why Im not placing stop loss below 0.92700 - because if we break down, my reasons for entry are violated and we will most likely see a fall, if even slight, below 0.92700 anyway, which would yield terrible R/R for this setup.
NZD/USD Longs Long nzdusd and dollar weakness and nzd being at oversold levels. target of 100 pips risk of 30 pips. decent R2R.
1HR ReversalWatching the NZDUSD for a reversal as Crude oil starts to rebound, expecting the summer months to be hot for oil stocks so keep that on watch. Still manage your risk with stops & take profits.
NZDJPY - Daily Correction NZDJPY looks like it may correct long on the daily chart, but be weary of any continued strength.
NZD pairs are weak. JPY pairs are corrective.
Looking for corrective strength and more downside.
NZDCAD Long setup with gartleyWe have a triangle forming, and within it a Gartley completing right at bullish trendline / lower triangle. We also have a AB-CD within the gartley to strenghten the gartley pattern.
Targetting 0.382 fib of A-D move, stop loss below trendline.
NZD/USD LONG with a SHORT SAFETYEntry 0.73000
Simple price action for this one. Possible long with the first target at 0.74000 which is sitting on the weekly S&R and possible targets of 0.7600 which is resting on the monthly S&R.
A break of the second level of resistance will confirm the end of the downtrend and give me more confluence that the pair will continue its bullish movement.
The possibility of the current bullish movement correcting after its break of weekly trendline resistance isn't that strong after it already retested the resistance but best to be safe and so a short has been set up with an entry on the re-enter of the weekly downtrend and targets set by the monthly trendline support 0.70000
Review, comment & like and enjoy.
