Nzdusdbreakout
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.
NZDUSD GARTLEY PATTERN with Ending DiagonalI love to Trade this Gartley Pattern and now it has another reason for me to buy The recent move of this pair fromed a Ending Diagnol Buy at the the lower edge of the Wedge and a upside break out will confirm the bullish move.
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 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.
Looking for 0.6974 level to be blown out NZDUSDLong NZDUSD
I am looking for the 0.6974 level on NZDUSD to be blown out before Wednesday 10pm EST because by this time the market will decide to consolidate. This is not a crazy trade, the set take profit is just the cherry on top for this trade but the main objective is really at 0.6974
Looking to enter at 0.69249
Stop loss is at 0.68910
Take Profit is at 0.69928
I will add updates here as the trade idea progresses.
NZDUSD - Monthly UpdateRecent price action: Bearish
Pattern: Head and shoulders/Rising wedge
Long-term momentum: Bullish/ranging
Short-term momentum: Bearish
Bias: Short
Action: Already in a short sell. Signal was based on daily time frame. Will need a close below trend support and weekly support to confirm further movement to the downside. Weekly support will also function as the neckline for the head and shoulders pattern.
Comments: Price is moving exactly how I forecasted when the right shoulder was forming. High chance of getting a bounce back to the upside once weekly support it hit. Price has not been able to get below this level since April 2016.
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.
NZDUSD Breakout lowerLooking for NZDUSD to break down lower since it just left the middle of a range.
We have just seen a large bearish candle trading aggressively lower indicating the downside is most probable.
Entry: 0.69896
SL: 0.70355
TP: 0.69248
nzdusd we follow trend and sellhi dear traders as you can see we still belive price willing to go down more
check this out and contact us
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 Long hello traders today we are looking at #NZDUSD, this chart can be a little bit confusing so I’m going to try to make sence of it as much as i can
1. we have broken trend line #1
2. we have broken trend line #2
3. we have broken trend line #3
because all of that happening we will only look for #short positions.
we have a trend line (red) that i would like to see retest before we #short.
it is also a nice resistance level.
If you have any questions please contact us via Private Message or via comment. -Professor
NZD/USD - 300 Pips+ Opportunity - LONG TERMNZD/USD has been in a consolidation since February and hasn't broke under the 200 EMA or broke it's current support.
If the support holds strong we can expect NZD/USD to go further up in the long term.
To keep an eye out for this continuation possibility.
NZDUSD testing major resistance, time to sellNZDUSD is at a good opportunity to sell.
Sell below 0.7306. Stop loss at 0.7341. Take profit at 0.7249.
Reason for the trading strategy (technically):
Price is testing major resistance at 0.7306 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong drop could occur at this level to push price all the way down to 0.7249 support (Fibonacci retracement, horizontal swing low support). We do have to be cautious about 0.7276 intermediate support as price might bounce off there.
Stochastic (34,5,3) is seeing major resistance below 95% where a corresponding reaction could occur.
NZDUSD double bottom forming nicely, further bullish potential!NZDUSD is has formed a nice double bottom formation and we’re seeing major support above 0.7273 (Fibonacci retracement, horizontal overlap support, breakout level) and a strong bounce could occur from here to help price rally towards our next major resistance at 0.7341 (Fibonacci retracement, horizontal swing high resistance).
RSI (89) sees ascending support hold price up really well and adds to our bullish momentum.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDUSD looking really bullish, time to buyNZDUSD has completed a double bottom reversal and is looking really nicely setup to rise further.
Buy above 0.7276. Stop loss at 0.7251. Take profit at 0.7341.
Reason for the trading strategy (technically):
Price has formed a sort of double bottom reversal and our major support remains at 0.7276 (Fibonacci retracement, horizontal overlap support, double bottom exit) and we look to buy above this level for a push up towards 0.7341 resistance (Fibonacci retracement, horizontal swing high resistance). We do have to keep a watch out for immediate resistance at 0.7307 (Fibonacci retracement, horizontal overlap resistance) which needs to be broken to open a further rise.
RSI (34) sees ascending support hold up our bullish momentum really well.
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.
NZDUSD rising nicely, potential for further riseNZDUSD has broken major resistance and has the potential to rise much further above major support at 0.7273 (Fibonacci retracement, horizontal overlap support, double bottom reversal) towards 0.7341 (Fibonacci retracement, horizontal swing high resistance).
RSI (55) has broken above our 52% line and also sees ascending support hold it up nicely.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
