NZD/USD Wave Analysis
The counter has completed a 5-wave bull cycle.
It is now poised to make an ABC correction and break below the support 0.68655 validates it.
Hence, we advise traders to go short after the support breaks.
Nzdusdsell
nzd/usd sellhi traders,
price is now at top of structure on 12H
on 30m timeframe, it has created a bearish flag which is more confluences as to this drop
price should go down
NZDUSD bearish outlookShorting for a retracement after a heavy bull run. expecting a completion of the H&S pattern.
NZDUSD facing very strong resistanceNzd was one of the biggest beneficiaries of USD weakness and NzdUsd made a new local high in this context.
Now the pair is facing a very strong resistance zone that extends to 0.7 psychological figure and I believe a drop will follow
I'm bearish this pair and I believe Kiwi will fall to 0.65 in the medium term
NZDUSD - SELLING AT DAILY SUPPLYNzdusd approaching a strong daily supply level. Selling at this supply down to a weekly demand as target.
Start selling for Nzd / Usd, this is a swing analysis, adjust itStart selling for Nzd / Usd, this is a swing analysis, adjust it to your trading system.
I see the possibility that the current price has finished forming wave B, the price is going for the formation of wave C.
If we pull out the Fibo extension, it looks like the price is at the fibo level 0.382.
Usually, wave C is at least the same as wave A, guided by this theory, we can determine the TP in the blue SnD area.
SL 0.67300
TP 0.63800
NZDUSD - SHORT - SELL I am taking this trade cause price was bouncing on this uptrend for a while and it is starting consolidating around this key level so i expect it will go DOWN
ENTRY 0.66056
SL 0.66261
TP 0.65451
NZDUSD SHORT!Hey Traders, here is the full breakdown analysis for NZDUSD, let me know your thoughts below!
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NZD/USD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
NZD/USD: Daytrade-Execution
Sell-Limit: 0,66935
Stop-Loss: 0,67280
Target 1: 0,66590
Target 2: 0,66300
Target 3: 0,66010
Stop-Loss: 35 pips
Risk: 0,5% -1%
Risk-Reward: 2,70
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Peace and good trades
Irasor
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NZDUSD POTENTIAL SELL SETUP AT RESISTANCE OF CHANNELPrice is at resistance of channel and resistance area of distribution range. This a good place to sell to the support of channel or to midpoint of channel where partial profits can be taken. Consider also that since this is a distribution phase, a sell may be the better option to look for as a Decline most likely follows a distribution. In essence a sell position ensures you stay in the next possible big move of this market. As always, do your own analysis as this is not foolproof and of course, nothing is set on stone in forex. Goodluck and happy trading. Cheers!
NZDUSD SHORTNZDUSD
The price on the monthly and daily time frame is walking on a channel on its way down but just right now the price is making a movement on upside which I believe it will make a fake break out reaching the purple zone near 0.691 and then coming down again to touch the middle line of the channel near level 0.592.
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El precio en las temporalidades mensuales como la diaria están caminando en un canal hacia la baja pero en este preciso momento el precio esta retesteando la linea mayor del canal y tal vez el precio haga un falso rompimiento llegando a tocar la zona morada cerca del nivel 0.691 y después de eso esperaría que el precio vuelva a bajar y logre tocar la linea media del canal la cual esta cerca del nivel 0.592.
NZDUSD SHORT hello everyone, nzdusd is preparing for a nice short opportunity, watch price action on lower time frame and wait for the strong bearish candle! be safe because next week we have US elections! good luck!
NZDUSD, daily tf, sell on retest of resistanceHello my friends,
Trade setup for today is NZDUSD pairs.
I've marked the horizontal level and support/resistance for this pair.
As you can see, incidentally we could see that price moving inside ascending channel for this NZDUSD pair.
The top of ascending channel meet with the horizontal resistance so we could say sellers might come in to defend this area 0.6685-0.6900
I am gonna try selling this pair at resistance as there is a possibility price could rejected and come down again.
Sell NZDUSD 0.6685
Stop loss 0.6730
Take profit 0.6595
RR ratio 1 : 2
Use only 1-2% risk
Good luck
Disclaimer : I sold NZDUSD from 0.6685
NZDUSDPrice has touched 61.8% fib level. And price is forming pattern which shows high likely for price reversal. Will observe the area close for entry.
