Nzdusdanalysis
NzdUsd- First up, then down to 0.65After a recent low of around 0.6550, NzdUsd has started to recover and now is trading 100 pips above this newly formed support.
The trend for this pair si down and at this point, we can be in the middle of an ABC type correction.
Above 0.67 is strong resistance and traders can look to sell in that zone for a good R:R trade
NZDUSD, let's set Stop ProfitWe are doing a very good trading on NZDUSD , pointing straight to the MML above Fibonacci 38.2%.
The price felt the new half year cycle and the MCS gave us the right signal at the right time.
The time has come to set the Stop Profit and save the position by closing yet another trade in gain .
New Stop Profit 0.6574
NZDUSD LongNZD gave a sharp snapback in price after hitting a recent low, NZD is due to come up in strength on the momentum meter as well as USD due a drop. We'll be waiting for a pullback to our buy zone and a confirmed rejection in or above our marked out zone before taking the trade. Several TP's as we expect price to have a reaction to trendline drawn up, we could see it pass this and come up to test daily market structure. Weekly closed strong with bearish bias so we will only be wanting to take this trade under conditions we have laid out.
NZDUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZD/USD likely to BREAK DOWN!Hey tradomaniacs,
chart actually explains everything I want to say.
AS long as risk-off continues NZD/USD is more likely to fall, especially after the recent fake-out!
I still hope to see a little pullback to get nice entries for a short!
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Peace and good trades
Irasor
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NZDUSD where to look for buy opportunityNZDUSD is trading with a larger timeframe channel. Price is now approaching the support of this channel. I predict it to rise from the support level.
I will wait for bullish reversal confirmation for long positions to the resistance of the channel.
In the case where the support gets violated to the downside and see bearish continuation market structures, I will not be interested to enter any position.
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