NZDUSD Triangle at h4So currently the price were somewhat exhausted at 0.68.
If this line holds, it open the posibilities of price creating a symmetrical triangle for the pair.
Nzdusd4hrs
NZDUSD ranging, going downward!So, what i think is that price were continuing rejection last week.
The problem is that currently price were respecting the minor support at 0.6869.
Its important to understand what the price says about this line, which yet remain to be seen.
A Potential long NZDUSD awaits...Looking for price to retrace bearish until 0.66018 ( 0.5 fib level) before potentially opening up for a bullish continuation. Last week we saw price move very bullish until the 0.66856 zone where price found resistance and looks like its gaining momentum ( retracing) before completing the move at the 0.67779 zone.
Do not rush to enter, always wait for price confirmation a bullish reversal candlestick pattern. If you are more conservative you may wait for price to move bullish then retrace before you enter.
SL - 0.65333 ( At the red line) . I Risk no more than 1% per trade.
Happy Trading!
NZD/USD - 50 Pips+ OpportunityNZD/USD has broken under the 50 EMA on the 4H timeframe and has failed to move back up.
We can expect NZD/USD to fall further below down as long as the 50 EMA on the 1H Chart stays unbroken.
Trade safe.
NZDUSD - Short OpportunityPrice found resistance on the long term down trend line. Broke the correction, retested it and left a pinbar followed by and engulfing candle. I`m going short.
NZD/USD - Bullish OpportunityNZD/USD has broken above the 200 EMA on the 4H chart and is finding support on top of it for the first time since the month of April.
This is a good sign of the beginning of a long term reversal.
As long as that support holds, we can expect NZD/USD to continue upwards and eventually hit our TP. Then do a pullback and hit either the 50 EMA or the 200 EMA to continue further up.
Give it some more time to confirm it's support and strength to move up then enter.
Trade safe.
50 Pips - NZD/USD ShortNZD/USD broke the 50 ema and is en route to breaking the 200 ema. Move is confirmed if current broken ema's keep acting up as resistence and 200 ema gets broken on the 30 min chart.
LONG NZDUSD to 0.71200 and higher targetLooking to take a long on NZDUSD and hold it for possibly longer than a week given the time of year and the distance it has to travel.
Entry: 0.70105
SL: 0.69792
TP: 0.71395
I will look to take something off of my position with 20 pips in profit and let the rest of the position run.
Stop-loss will be moved the breakeven once 50 pips in profit.
There is a chance that I missed the trade, if that is the case, then I will find another entry point since the profit objective is fare enough away.
I will add updates as the trade progresses.
Long NZDUSD Swing trade to 0.71200 and higherLooking to take a long on NZDUSD and hold it for possibly longer than a week given the time of year and the distance it has to travel.
Entry: 0.70352
SL: 0.69866
TP: 0.71488
I will look to take something off of my position with 20 pips in profit and let the rest of the position run.
Stop-loss will be moved the breakeven once 50 pips in profit.
NZDUSD Short ContinuationNZDUSD has shown weakness from the very start of the trading week. I am looking to trade in that direction on a retracement higher from yesterday's move. Looking for this trade to last into Friday morning and will add updates as the trade is triggered or if it is never filled at my requested price.
Entry: 0.69004
SL: 0.69528
TP: 0.68163
NZDUSD testing major channel resistance,potential strong drop!NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the way down to major support at 0.6852 (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is also seeing major resistance at 91% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDUSD Profit Target Reached Perfectly, Prepare For A DropNZDUSD has once again reached our profit target perfectly. We now prepare for a drop.
Sell below 0.6905. Stop loss at 0.6935. Take profit at 0.6855.
Reason for the trading strategy (technically):
Price shot up perfectly and reached our profit target. We prepare to sell below major resistance at 0.6905 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards major support at 0.6855 (Fibonacci extension, horizontal swing low support).
Stochastic (89,5,3) is seeing major resistance below 90% where a corresponding reaction could occur.
NZDUSD Reached Profit Target Perfectly, Prepare For A BounceNZDUSD has dropped perfectly to our profit target and is now testing channel lower limit support.
Buy above 0.6855. Stop loss at 0.6829. Take profit at 0.6905.
Reason for the trading strategy (technically):
Price has dropped perfectly to our profit target and we’re now seeing major support at 0.6855 (channel lower limit support, horizontal swing low support). We expect a bounce to occur at this level to push price up to major resistance at 0.6905 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance).
RSI (89) sees major support above 36% where a corresponding bounce could occur.
LONG NZDUSD Target at 0.71096 Looking to see if we can get another opportunity to enter in at 0.70670. I am expecting price to trade up into 0.71096.
The stop loss is placed at 0.70383
This will be a decent retracement from the current downtrend. It will be interesting to see what happened once we get above those relatively 3 equal highs.
NZDUSD Short to 0.73243NZDUSD encountered so resistance just below the 0.74000 so I am expecting a small retracement back down to around 0.73243 area.
This is a healthy retracement before it resumes its up trend to the 0.74000
I still believe that this pair will want to trade to 0.74000 longer term but for now I believe that a retracement is in the cards near term.
This will be interesting to see pan out in a demo account and I will make updates to this thread if my bias changes.
One To Watch!Sitting perfectly in an important zone which can be seen clearly on the 4hr and daily charts. I will be sitting and waiting for this pair to breakout to the upside and potentially reach 0.7550 area. One to watch for now and sitting inside the watchlist, maybe a clear break of the 4hr trend line could be enough...
FOLLOW ME: NZD/USD Long - Inverted Head & ShouldersNZD/USD has recently completed an inverted head and shoulders formation.
It has bounced off the current downtrend line and come back to kiss the neckline of the inverted H&S.
Looks like a prime opportunity for a long!
What is your view of NZD/USD? Tell me in the comments below!
Swing! Swing!Trendiness can be your best friend sometimes... Perfect rejection of trend line and a swing down to my target. Another target hit and 40+ pips gained
NZD/USD - 50 Pips + OpportunityNZD/USD is currently very bullish and if the current resistance is broken, it can go up 50 pips+ higher.
This is a continuation pattern.
Continuing The FallI'm in this down to the demand zone and psychological level of .7200 - Gets busy later on with US news so will be watching closely.
NZDUSD has reached our resistance target,potential upcoming dropNZDUSD has bounced up perfectly from our 1st support and reached our major resistance from Friday. We’re now seeing major resistance at 0.7276 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong drop could occur from this level to push price down to at least 0.7186 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Good short opportunity is readyThere are some reasons to enter this trade and hold it over the weekends.
NZDUSD continues to bounce up really nicely, remain bullishBuy above 0.7312. Stop loss at 0.7256. Take profit at 0.7436.
Reason for the trading strategy (technically):
Price tested our buying area and ascending channel support and had bounced up really nicely as expected. We remain bullish above major support at 0.7312 (Fibonacci retracement, horizontal overlap support, long term ascending support, bullish price action) for price to continue its push up to at least 0.7436 resistance (major swing high resistance, Fibonacci extension).
RSI (55) sees a long term ascending support line since November 2017 hold up our bullish momentum really well. We’re starting to see a possible break of this long term support line but our major support remains at 51% and only a clean break of that level would be a precursor that a drop is coming.
