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Nzdusdsell

NZDUSD Market OverviewNZDUSD on daily timeframe we see that we have a nice break we have a retest and there is a potential continuation to the downside but we need to follow that on the lower timeframe so on the lower timeframe we look at the 4-hour and we have a nice reversal top after the up move to then fail to make new highs start making lower lows and lower highs so it is topping and there is potentially continuation to the downside so short term I would say keep following this small impulses and corrections far as this keep on going we should keep following the same scenario moving to the downside. ***Comment your thoughts down below!
Short
by ForexCracked
1
NZDUSD H1 Sell/ShortWe can see a triangle pattern forming on the H1 chart in NZDUSD We can enter in this trade two ways in a short position 1. Entry at Reversal from the trend resistance and see if it breaks downside, if it breaks downside there is a minor support which can push the price up from there, then we will exit the trade with 3% profit and if it breaks the support also then we will exit the trade in Target 2 with 7.50% profit. Stop Loss : 2% Profit Target : 3% < 7.50% 2. This trade will be possible if the price breaks downside the triangle and supported by the Minor support then a retest to the trend support but couldn't break it, then we can enter a short position and exit with 6% profit, in this trade the Stop-Loss should be 0.80% Stop Loss : 0.80% Profit Target : 6% 👍
Short
by tapasdhanadana
1
NZDUSD: Wait, Wait, WaitContext Notice that I used the word "indication", and not indicator. By using solely structures and forecasts to keep ahead of the market, these are especially important. Flags. Channels. Wedges. In this scenario, it can be seen that there is a strong impulse from the upside after creating the second touch, and coming down for the third touch on the bottom of the structure. However, we know not of the market movement, whether or not will it rise or fall. And so, waiting for an indication such as a bull flag or descending channel would be the wisest action to take. General Consensus Wait for an indication. Sell if there's a bear flag, buy if there is a descending channel. Steps To Take Wait out the impulse Wait for a bear flag or descending channel Sell the pair
Short
by cwphuah
1
ridethepig | NZD Spot Commentary 2020.01.31Here we have another fast flow for NZD over the coming sessions; AUD and NZD have both under pressure and making fresh lows. The “Giant Panda” has turned off its lights for a while to contain the spread of the coronavirus meaning the underlying PBoC bid supporting both AUD and to a lot lesser extent NZD remains absent. For the 2020 Macro Map in NZD: An early heads up, if we cannot break above the highs in this flow it will be sending us loud messages that we need to reassess the 2020 macro map at the end of Q1 as the retrace will have done too much damage. For the Flows: BUY NZDUSD 0.645x | TP 0.655x | SL 0.642x While AUDUSD is also at a critical 0.667x level and losing it (not expected) will unlock a major panic move towards 0.62xx. NZDUSD also approaching the key 0.646x and will trigger some profit taking from shorts and a bounce back towards 0.655x. Similarly to AUD, a break below 0.645x in NZD will open a panic move towards 0.633x hence the tight stops. As usual thanks for keeping the support coming with likes, comments and etc!
Long
by ridethepig
3