Nzdusdidea
NZD/USD - 50 Pips+ OpportunityNZD/USD has broken under the 50 EMA on the 4H timeframe and has failed to move back up.
We can expect NZD/USD to fall further below down as long as the 50 EMA on the 1H Chart stays unbroken.
Trade safe.
NZDUSD Formed a potential BAT patternNZDUSD Formed a potential BAT pattern
and 0.6590 is great support zone .
therefore we can consider to buy this currency
now
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.
NZDUSD SHORT
Double Ichimoku show resistance and a further drop to 1.61 Fib level as TP and SL if trendline and first cloud breaks at 0.684. RRR 3.6x
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 - Weekly UpdateRecent price action: Bearish
Pattern: Head and shoulders
Long-term momentum: Bullish/ranging
Short-term momentum: Bearish
Bias: Short
Action: Need a break of neckline on head and shoulders pattern to indicate further movement to the downside.
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 - 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.
NZD/USD LongFX:NZDUSD
It seams that this pair is in buy area after sell off. Now i make some buying orders in area. Then i put some new orders to make a final piramid.
Buy area: 0.6811-0.6899
Target: 0.7277-0.7294
NZDUSD Short to 0.73243NZDUSD encountered so resistance just below the 0.74000 so I am expecting a small retracement back down to around 0.73243 area.
This is a healthy retracement before it resumes its up trend to the 0.74000
I still believe that this pair will want to trade to 0.74000 longer term but for now I believe that a retracement is in the cards near term.
This will be interesting to see pan out in a demo account and I will make updates to this thread if my bias changes.
