NzdUsd- medium term outlookFriday was a "selling"day for NzdUsd with the pair dropping hard and "negating" 8 days of trading.
Now the pair is sitting on confluence support given by the trend line and horizontal support and a break here would expose 0.64 important support.
As in our short term analysis, rallies should be sold and from a swing trade perspective we can have a GREAT R:R of 1:3
Nzdusdsell
Short $NZDUSD against .6750Hello Sophisticated Trader,
The rally in the $NZDUSD has stalled .6750 with over 300 pips profit and is due for a pullback, as the virus has been taking over, this is also consistent with the potential of a double top. Only a close above the .6750 would negate this trade.
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NZDUSD - SWING - 30. JULY. 2020Welcome to our weekly trade setup ( NZDUSD )!
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1 HOUR
Bearish price action after forming new highs
4 HOUR
Break and closure below main sr level.
DAILY
Expecting more bearish pressure.
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FOREX SWING
SELL NZDUSD
ENTRY LEVEL @ 0.66280
SL @ 0.66820
TP @ 0.65560
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
NZDUSD the turtle 🤦🏾♂️🤦🏾♂️⬇️⬇️Hope everyone is having a great week
After much bullish movement in stocks this pair
We notice some bearish correction on the Daily
And 4hr
Using only 1.5% risk on this one with a
Stop loss of .66666 😈 😂
Aiming for .65850
Then stop at entry
Then hold rest for ??????
Happy Trading!
Friday look out for the #Euro!
The Trading Regime.
NZDUSD short set upNZDUSD is setting up for a good short soon. Will see how it reacts to the trend line for a possible triple tap to the bottom. If it breaks trend will wait for the double top, which aligns with the next key resistance level for an added confluence for my short idea. Pair will probably be ready by end of this week or next week.
NZDUSD - SWING - 20. JULY. 2020Welcome to our weekly trade setup ( NZDUSD )!
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1 HOUR
Bullish price action towards previous highs.
4 HOUR
Market slowed down, expecting a push to the downside.
DAILY
Overall bullish market looking like it will turn shortly.
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FOREX SWING
SELL NZDUSD
ENTRY LEVEL @ 0.65580
SL @ 0.65880
TP @ 0.65130
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
NZDUSD possible short?hey traders,
We can see NZDUSD rejected the 3D downtrend which also corresponds with a nice resistance area marked in (gold) on the 4H. A good indication to a potential sell.. However we got a uptrend on the 4H what needs to be broken and retested before potentially going short.
But after the rejection of both the 3D downtrend and resistance area, not to mention being in an uptrend since 15th May - i expect this to break the trend line and head down to the 0.618 region which is also the 200 SMMA level on the daily using drop down analysis from multiple timeframes. We could also ride this down to the next support level level with a trailing stoploss.
Await price action
NZD/USD: Bulls fail to break the 0.66 key level againNZD/USD bulls have failed to break the 0.66 level once again. However, the bears couldn't take advantage of this. All though the chances of a drop towards 0.64 is increasing, waiting for a clear break of the 0.6550 level is important for the sellers.
How NZD/USD will move this week depends a lot on the state of the global equities. So, keep an eye on the global stock markets. If the stocks start bleeding this week, there's a high chance that NZD/USD may drop.
NZDUSD SHORT - FORMED A BEARISH BUTTERFLY PATTERNLooking closely at the chart, we observe a formation of a bearish butterfly pattern on the NZDUSD pair. It is time for us to go short and we will be hunting sell opportunities on smaller timeframe based on our entry criteria and strategy.
Target 1: 0.65143
Target 1: 0.64495
REMEMBER: DO NOT RISK MORE THAN 1% OF YOUR EQUITY
Happy Trading and Stay Safe folks.
NZD/USD: A decline towards 0.64 is back in the pictureNZD/USD Bulls have failed to break the 0.6580 Resistance level and price has pulled back strongly from that level. If the bulls are unable to take that resistance out, the path of least resistance will be to the downside towards 0.64.
Eventually, I expect NZD/USD to slide back towards the 0.60 level as geopolitical risks and worsening global economic conditions will weigh on the NZ Dollar.
Selling the rallies remains the best approach to trade this pair