NZDUSD Potential Wave Upside ExtensionIN this review we identify a high probability trade location to play for a 5th Wave upside extension in the NZDUSD
Nzdusdlong
why is dollar still falling even though NFP report came out goodwe are going to discuss this in the future. meanwhile, here are the trades im in at the moment.
Bearish outlook on NZDUSDPrices are facing bearish pressure from the resistance zone , in line with the 50% fibonacci retracement and 61.8% Fibonacci extension, where we could see a further downside below this level. Ichimoku cloud and MACD are showing signs of bearish pressure as well, in line with our bearish bias.
NzdUsd- Back in the range- Bullish conotationsOn Friday, NzdUsd has dropped under the rectangle's support.
However, the pair quickly reversed losses, proving that it was a false break and now is trading at 0.7155 and back into the range.
The long-term trend for the pair is bullish and the pair could resume its way up very soon.
0.73 can be the target for bulls and this scenario is negated by a drop under recent low
Pitchfork, Supply/Demand NZDUSD LONG1. The lower border of pitchfork
2. At the untested demand zone
PT1= The median line
PT2 = The Upper parallel line
A tight stop loss just below the demand zone
NZDUSDBullish Indicators:
Support zone 0.71340
Bearish Indicators:
Resistance zone 0.72183
Plan A: On the breaking of support zone at 0.71340 one can take short position for the target of 0.70818 and 0.69975
Plan B: One can take long position on the breaking of resistance zone for the target of 0.72700 and 0.73000
NZDUSD | A TEST OF SWING HIGHNZDUSD after making a swing high of 0.72188 correct itself to fib level 0.236.
It is coming again to test swing high.
Question is will it break or fall after making double top?
Plan 1: IF IT BREAKS & CLOSE ABOVE 0.72188
Buy: 0.72200
SL: 0.71329
TP: 0.73030
Plan 2: IF IT MAKES BREAISH CANDLE ON TOP 0.72188
Sell: 0.72000
SL: 0.72500
TP: 0.71330
Let us know what do you think in comment
Pullback on NZDUSD presents an opportunity to sell Looking at the daily time frame, prices are currently testing a key supply zone with potential for further downside. On the M30 time frame, prices broke below the ascending trend line and is facing bearish pressure from the 34EMA as well. A pullback to test its resistance zone at 0.72010 which lines up with the 78.6% Fibonacci retracement and 61.8% Fibonacci extension presents an opportunity to play the drop to the next support target at 0.71520, in line with the 78.6% Fibonacci retracement. MACD is showing signs of bearish pressure as well.
NZDUSD is more likely to rise to 0.74604 and here is whyNZDUSD is more likely to rise to 0.74604
🔍 Technical expectations:
🔹NZDUSD broke the February 2021 downtrend trendline and is more likely that momentum will change to the upside.
🔹Strong bull pressure, NZDUSD will be pushed to 0.73071 and later 0.74640
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍
Many wishes and trade smart!
Potential long opportunityNU is ranging across, forming a descending triangle. It may still range for a bit longer time, however if DXY gives it a breath, it should fly up very promptly.
Currently it still shows very bullish momentum, although with RSI slighly moving below 50. I expect AU to go back up above 0.72 soon.
The current price level isn't worth me taking the risk as NU may still move to the downside if DXY tends to continue rising higher. But I will try a small lot size considering 0.71320 area has formed a firm support on 4H
Entry: 0.71467
SL: 0.71275
TP: above 0.719
Expected Pips: 20-50 pips
Expected Timeline: 1-2 days
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Disclaimer: Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
NZDUSD - entering the bullish waveHello traders,
Last week the kiwi-dollar has broken out of the longer time frame bullish pattern and now is forming a falling wedge on 15m and 1H time frames.
The bullish pattern after a bullish breakout confirms the bullish trend. Thus there is a good chance to catch up with this wave.
NzdUsd can go higherSince the beginning of October, NzdUsd is trading upwards, with the pair reaching a high of 0.7220
Now the pair is correcting some of the gains and is forming a flag
A break above the resistance should accelerate gains towards 0.73
Buy dips is my strategy
Nzdusd retesting previous resistance to become supportAfter breaking a bullish triangle pattern in bigger timeframe, this pair is now retesting the major resistance which is now to become a support. Excellent risk reward ratio on this pair looking for a long term buy.
$NZDUSD - Bullish flag breakoutHello everyone!
There is bullish flag breakout confirmation for NZDUSD.
Uptrend might continue to 0.768
NZDUSD BUY BIAS WAITING FOR INEFFICIENCY TO GET FILLED NZDUSD just took out a recent high and created some inefficiency areas in the market
i will be waiting for nzdusd to move to the downside to fill in all the inefficiency it created and hits our order block entry level where i will enter the trade
NZDUSDThe New Zealand dollar rallied significantly last week to break above the 0.70 level. The market is forming some type of bullish pennant, or perhaps even a falling wedge. Either way, the market is suggesting that it could break out to the upside. If we can break above the previous week high, then I think that the New Zealand dollar has a high likelihood of looking towards the 0.74 handle. To the downside, the 0.69 level continues offer support.
NZDUSD / 2 ScenariosThis pair could go either way, I dont see this being at a level of resistance to short just yet but it could drop based on the way the current daily candle is forming..
I will wait for price to indicate its direction before entry on this pair
NZDUSD H1 TIMEFRAME ANALYSIS BUYWe consider buying this NZDUSD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
NzdUsd Possible Long!Pair is in the trend channel in 1D TF and it is at the bottom of channel and most likely will move according to channel!
Moreover, it has reacted well at the POI previously and will most likely follow the move according to SMC.
NZDUSD SETUPNZDUSD has broken the bearish trendline and is currently consolidating near a critical area which also happens to be the 61.8% Fib Level. Potential upside can be witnessed if this level sustains. On the flip side if it falls it might retest the trendline again at 0.69000 level.
Incoming bulls | NZDUSDFX:NZDUSD
As it can be inferred from the chart, price is trying to create a cause for redistribution which would lead to the sell stop liquidity grab and a return to order block. Only after this happens do we look for look long positions, that reaction would give us more reasons to hold this trade till TP.
Incoming bulls | NZDUSDFX:NZDUSD
As it can be inferred from the chart, price is trying to create a cause for redistribution which would lead to the sell stop liquidity grab and a return to order block. Only after this happens do we look for look long positions, that reaction would give us more reasons to hold this trade till TP.
