Nzdusdlong
NZDUSD | LONG BUY!!NZDUSD | PARALLEL CHANNEL
NZDUSD has been trading in bearish parallel channel and the price has approached to the support zone.
We have mutiple sign for reversal from here;
a) Bullish divergence on support
b) Consolidation box
c) Support Channel.
We remain watchful and long position will be taken once our criteria is fulfilled.
DeGRAM | NZDUSD compression channel at structure supportNZDUSD is is running out of steam near structure support. This indicates that price is going to form some kind of the consolidation patterns like ascending/descending channels or flags. We can capitilize on that.
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NZD/USD Bullish Price Action Give Us A Risky Long Entry !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZDUSD price might reverse next week, still BEARISH LONG TERMThe NZDUSD price is still playing the trend of going down, just like the other pairs with USD. And also, there might be a possible retracement next week given the fact that it looks exhausted on the indicators that we are using.
However if we are going to look at the higher timeframe, it still looks bearish and just the start of it. I just said it might reverse next week because there is no pair that goes one direction, retracement is always part of it.
PS. I am a swing trader and that is why I am saying it haha
Thu 21st Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/USD Buy, EUR/USD Buy & NZD/USD Buy. Just be aware of your overall risk here due to the high correlation between these 3x pairs. I also discuss some trade management. Enjoy the day all. Cheers. Jim
NZD/USD Short Entry UpdateHey Guys!
The Nzdusd's daily bias became long yesterday, or in other words, price is likely to reach 0.7034 before reaching 0.6724.
So I took a long entry a couple of hours ago at 0.6804 with its stop loss at 0.6724 and its main target at 0.7034.
In this video, I explain the reasoning for the short trade abort yesterday, and moreover why I entered long today and further explain what I'll be looking for in terms of trade management for this long entry.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
NZDUSD | Perspective for the new weekA bullish trendline is identified in the 4H timeframe and this line also shares a confluence with a significant key level at 0.68250. We shall hereby be looking for a breakout of a reversal set-up for a signal to join the potential bullish trend. However, a breakdown/retest of key level might incite a risk of further decline hence the need to be very conscious as we monitor price action.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Long Position NZDUSD 4HLong position established on the NZDUSD 4H
Price has recently made new highs
Bullish trendline touched and held +3x
Retracement to the 50% Fibonacci level
Price held at an area of previous structure support
MACD signal line just about made a new high relative to the most recent push higher by price
Bullish pin bar held at the 50% retracement followed by a higher high, higher close.
Entry price: 0.68441
Stop loss: 0.67940
Take profit: 0.69833