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Nzdusdbreakout

NZDUSD ShortWe could see that this pair is on consolidation as of now, I am expecting this pair to test the resistance level above, but we could see a potential breakout to the upside too. However, we have a good opportunity once the market reached the level of resistance above, as we have created a downtrend after breaking the previous trend line. If the market does give us a good entry reason, I see this as a great opportunity to sell this pair. We could see the market bounce from the resistance level above to the support level below, in fact, I think that there is a high chance that we could see a breakout to the downside. Reminder to you guys not to take this trade blindly. Always rely on your own analysis. Leave your thoughts about this pair down in the comments!
Short
by devidmaykho
NZDUSD Sell Monthly This is my first idea bare with me. All Follows, Comments, Feedback, and Thumbs ups will be very much appreciated. In my opinion, Focusing on the highest time frame available I've identified NZDUSD has been in a strong Uptrend from a price of 0.39 since fall 00' but it may be time for the downtrend. Major Support and resistance zone between price 0.59 - 0.62 where price is currently. Since 00' there has been 6 major sell rejections and only 1 major buy rejection. Since last major sell rejection volume has been increasing. Recently last months candle closed below the major uptrend line established 00' & with low point in 09'. The close below the uptrend line and with this month making a high to test the uptrend line once again. With this month half way over I think the high of this month is already in or is coming soon. A monthly close above the uptrend line will invalidate this idea I am preparing for a long term sell at any price between 0.59-0.61 SL: 0.62.5 (Risk 3% - 33%) entry: 0.59-0.62 TP1: 0.57 (RR ~2.3:1) TP2: 0.54 (RR ~4.1:1) TP3: 0.50 (RR ~6.5:1). Happy Easter.
Short
by maliekevans
1
NZDUSD H1 Sell/ShortWe can see a triangle pattern forming on the H1 chart in NZDUSD We can enter in this trade two ways in a short position 1. Entry at Reversal from the trend resistance and see if it breaks downside, if it breaks downside there is a minor support which can push the price up from there, then we will exit the trade with 3% profit and if it breaks the support also then we will exit the trade in Target 2 with 7.50% profit. Stop Loss : 2% Profit Target : 3% < 7.50% 2. This trade will be possible if the price breaks downside the triangle and supported by the Minor support then a retest to the trend support but couldn't break it, then we can enter a short position and exit with 6% profit, in this trade the Stop-Loss should be 0.80% Stop Loss : 0.80% Profit Target : 6% 👍
Short
by tapasdhanadana
1