NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
A very nice push to the upside above resistance as previously anticipated! I thought it would have happened sooner but the lack of volume delayed it.
As you can see in my previous NU idea we have pushed up above that key area of resistance. NZDUSD is looking very VERY interesting now. Still sitting on my hands for the time being until the market picks up a bit.
Remember only novice traders take a trade everyday! NOT EVERYDAY IS GOING TO BE A TRADING DAY! We are traders not gamblers. Sometimes less is more. In times of no market volume just disconnect spend time with loved ones or doing something you love to do. It is good to decompress and come back refreshed.
Nzdusddaily
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
I was expecting more upside movement with NU but it was a bank holiday. It looks like we might be rejecting off resistance but I am not full convinced just yet. It's not wise to get into trades when there is no volume in the market. I will be sitting on my hands for the time being. As always if I see anything worth updating I will let you all know!
NZDUSD approaching resistance, look out for potential reversal!
NZDUSD is approaching its resistance at 0.66542 where it is could reverse down to its support at 0.65652.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD approaching support, potential for a further rise!
NZDUSD approaching support at 0.65951 where it could potentially rise further to 0.66249.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDUSD reversed from resistance, potential drop!
NZDUSD reversed off its resistance at 0.66014 where it could potentially drop further to 0.65792.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZD/USD: STRONG BULLISH MOVE.In the name of Allah, the Most Gracious, the Most Merciful.
NZDUSD IN MONTHLY TIME FRAME HAVE CREATED DOUBLE BOTTOM PATTERN WHICH TELLS US THAT MARKET TREND IS BULLISH.
IN WEEKLY TIME ZONE WE MAY FOUND A ASCENDING CHANNEL PATTERN.
IN DAILY TIME FRAME WE HAVE A SAME ASCENDING CHANNEL PATTERN RIGHT NOW ARE SEEN AS CORRECTION IN MARKET
I HAVE EXPLAIN ON A CHART THE NEXT MOVE OF MARKET.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example; you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.