NZDUSD After the Breakout Could Start a New Trend
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Hi Traders, NZDUSD on H4, we have had 3 large green candles before the range just below the Resistance. If the price breaks above the Resistance on the lower TF we can look for a good Bullish setup to buy.
Buy at Resistance Breakout or Buy at 0.6993
⭕️SL @ 0.6957
✅TP1 @ 0.7066
✅TP2 @ 0.7115
✅TP3 @ 0.7240
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Nzdusdbreakout
NZD/USD Sell Opportunity nzd usd was the most bullish pair of the year and found very strong resistance area and after multiple confirmation we can say now its a trend reversal now for nzd usd
it broke a significant support area and market is back there to retest the broken structure
its a classic bearish breakout and retest pattern
look for bearish confirmation on lower time frame and enter short with your own money management
discipline with patience is the key to success in financial world
NZD/USD may go to the upside if the descending trendline breaksNZD/USD has dropped to the support level near 0.71 area.
This area has supported the price multiple times in the past
and even yesterday, NZD/USD rebounded after falling to the 0.71 level.
But, the rebound seems weak this time around. The reason behind this could
be the FOMC meeting event that is preventing investors from placing any major
bets prior to the event.
So, if the price drops near the 0.71 level, I would consider buying
NZDUSD@0.7100-0.7120 with SL below 0.7067 and initial TP at 0.72
NZDUSD back in support zone, possibility of a pullbackHello traders, in my previous NZD/USD idea, I advised selling NZDUSD@0.7301-0.7320.
If you followed that idea, you have certainly made close to 180+ pips profit.
(previous idea attached below for your reference)
Currently, NZD/USD is back in a support zone and although I am not so bullish on this pair, I still think
there is moderate chance for a pullback to the 0.72 level.
So, if there is some bullish price action in the support zone, buying NZDUSD@0.7115-0.7125 with SL below
0.7090 and TP at 0.7210 would be a possible short-term buy signal.
NZD/USD sell opportunity after RBNZ induced spikeNZD/USD has spiked up after the RBNZ meeting. Market participants
reacted positively initially and hence, NZD/USD has spiked up to the resistance
level.
However, the spike may be faded very soon. Price has reached a strong resistance
level and it seems like the bulls might not be able to break it.
So, based on bearish price action, sell NZD/USD@0.7301-0.7320 with SL above
0.7350 and TP at 0.7180
NzdUsd- 0.68 is my medium term targetFor a month now NzdUsd is consolidating in a tight 100 pips range.
A break of this range is inevitable and the pair should find a clear direction afterwords.
In my opinion, this break will be to the downside and I'm considering 0.68 as a medium-term target for short trades.
A clear break above 0.73 would negate my bearish bias
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart.
In the weekly timeframe , we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle.
so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective.
#nzdusd #nzdusdtoday #nzdusdanalysis
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart.
In the weekly timeframe, we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle.
so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective.
#nzdusd #nzdusdtoday #nzdusdanalysis
NZDUSD: 2 views, both bearishHi Traders,
This is my view on #NZDUSD for the next few days.
2 possible ways, both bearish but the first one on the touch of 0.78 Supply Area, the second one (the one I prefer) on the breakout and retesting of the Signal of Weakness on 0.70, which is close to the daily bullish trend line.
Thanks to my dear friend Richard Wyckoff ;-)
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen