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Nzdusdbreakout

NzdUsd- Will it break resistance?Since the beginning of December, NzdUsd is trading in a range between 0.6750 and 0.6850. Also, if we consider the spike down to 0.67 the head, we can argue an H&S pattern forming on our chart with the neckline at 0.6850 At this moment the pair is trading exactly in this resistance/neckline and, considering that the previous leg up from 0.6750 has impulse we can expect a break. That being said, my preferred strategy is to buy dips and the target for bulls can be 0.7 important figure. This scenario is negated by a dive under 0.6750
Long
by Mihai_Iacob
2
NZDUSD: Bulls IncomingOnce banks clear liquidity from this demand, price should build up enough momentum to tear through the holding supply into the highs. Wait for a clear compression followed by a liquidity grab BOS before joining the buyers. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others ! ⬇️ --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
22
NzdUsd- Correction is most likely overIn my previous NzdUsd analysis, I said that I'm bullish and I expect the price to rise to 0.73 resistance and at this moment my opinion is reinforced. After a short dip under support, the pair has reversed on Friday, and yesterday we have a strong bullish day that concludes a "Morning Star" candlesticks formation on out daily chart. NzdUsd looks prepared for more gains in the coming days and my target remains 0.73. Interim resistance is 0.7215 last high and only NzdUsd back under 0.71 would change this bullish perspective. Traders should look to buy dips on this pair
Long
by Mihai_Iacob
6