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Nzdusdsell

Is NzdUsd carving the right shoulder?In my previous analysis, I said that I expect NzdUsd to have found a medium-term top above 0.73 and the pair dropped from that zone. More, Kiwi also has broken under the channel's support and, at this point, we can consider the top confirmed. Yesterday the 0.7150 zone offered support and the pair had a new attempt to reconquer 0.72. At this point 0.7240 is resistance and a new leg down could follow. Also, a drop under 0.7150 would confirm a H&S pattern and the target for sellers can be 0.7 important support
Short
by Mihai_Iacob
2
NZDUSD – Will NZD bull finally giveup?I have been bearish on NZD pairs since quite long. However, every time we got rejected the pairs quickly came back up to since this pair has a good correlation with US stock and seems like the FED won’t give up keep pumping it. Eventhough, I still prefer to trade based on technical view and ignore all the fundamental distraction. I have complete faith that sooner or later the price will always go back to its technical side. Now the price has once again reach the top of structure impulsively. In 15M TF, we already got a little rejection followed by what appear to looks like a bearish continuation flag structure. I set a stop order here at the break of this flag structure with SL above the flag. Lets see how far will this pair go this time. Good Luck __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
NZDUSD, 4hr tf, sell ascending trendline breakHello my friends, Before i start with today trade ideas, let's review some of the trade i took yesterday. There were 2 trade ideas i shared which are GBPAUD and GBPCAD sell positions. Both trades now closed with a nice profits. First trade is GBPAUD which i closed manually for +210 pips and banked 3.5R yielding 7% profit Second trade is GBPCAD which i closed manually as well for +220 pips and banked 3.6R yielding 7.2% profit For today i am going to sell NZDUSD because i think this pair could have some retracement retesting 0.6940 area. The reason why is because price already broken below the ascending trendline and stopped making higher high. This recent movement could be a lower high and might be followed by a lower low. If you see the last daily candle close, it is also very clear that it was a bearish pinbar so we could see sellers step in to push price down. Sell NZDUSD 0.7065 Stop loss 0.7105 Take profit 0.6945 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
NZDUSD BEARISH TRADE ANALYSISNZDUSD has completed a five-wave impulse move on the higher degree and a three-wave correction is expected to follow an impulse move according to the EW principle. The reversal is already in place as the price is making i-ii, (1)-(2) wave sequence. This kind of structure usually leads to a strong impulse decline in wave (3) of iii. Trade Plan: 1. Wait for the break of the green line for sell confirmation 2. The trade setup will be invalidated if the price breaches the red line, so we have our Stop Loss there. Do you want to learn how to spot this kind of setup? Kindly send me a DM. Best of luck on the chart, Veejahbee.
Short
by Veejahbee
2