kiwi/$ shorts pending after current longstraders, i hope you are all ready for this week of firework - i will be continuing to look at carry trades as we expect some reallocation to the kiwi as investors re-consider the RNBZ outlook. Moreover while futures point toward further upside in this weeks milk auction
as many of you have seen my related idea which will be the long up til .75x levels (see attached) - all eyes on the fed this week!
best of luck and remember to like and comment your ideas they keep my humbled!
Nzdusddaily
(NZDUSD) Daily - Speculation & Prediction 22/08Great opportunity to sell :
1) Bullish formation on DXY
2) RSI divergence on Daily time frame on NZDUSD
3) RSI Divergence on 4hr time frame on NZDUSD
4) Double top
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Liability Disclaimer : All trades posted here are my personal view of the market.
If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management.
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NZDUSD-Short Position- For Atleast 600 Pips!Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential Short position for at-least 600 Pips, It has a potential for 1500 or more pips, the minimum expectation is 600 Pips from this trade !
I am following this pair for quite a long time now and already made a good profit. I'm already in this trade and keep adding new short positions if it goes higher as I don't see any move which shows a good opportunity to buy.
This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points.
.TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point or 0.72565, you can still catch 500+ pips till TP1 is reached, however It may still go up keeping the current situation in mind , It is recommended to enter with a smaller lot size if you want to take a short position right away & manage your stop loss accordingly.
***New Zealand Employment Change QoQ will be released in 8 hrs from now followed with other events & high volatility is expected so it is recommended to wait and see the impact and then enter the trade.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Don't forget to like, If you like my analysis :)
NZDUSD Trade IdeaPrice is in a firm uptrend however we can see a short term decline with 2 failed tests of the bearish trend line.
RBNZ decision may weigh on bullish momentum as marketing wait for Wednesdays decision.
Let's monitor price action to see how things develop over this key week for the NZD!
NZDUSD - BEARISH BUTTERLY PATTERN Get Ready for a bigger dive in NZDUSD in coming days.
See a bearish butterfly pattern being formed in 12 Hourly Chart.
Slight 250 Pips upside, and than a good zone to short at 0.6880 - 0.6900 Levels.
I am looking at a dive towards 0.6250 Levels in coming days/weeks.
Kiwi Support Shelf Break Could be SignificantNZDUSD is testing March 2011 levels (.7108).
Sentiment positioning shows +3.88 as nearly 4x as many traders are already long the pair vs shorts. When used as a contrarian signal, that means we have a future supply of sellers who would need to close their long position should this move materially lower.
This appears to have room to run as well should a breakdown materialize. Next level of significant support is down near .65 which corresponds to June 2010 lows. Wave relationships show up in the .61-.64 zone as well.
Trade well!