NZDUSD - DAILY SELL SETUPNzdusd - Daily timeframe - Pullback due for this pair, expecting a sharp decline into the nearest fresh demand zone. great risk to reward on this trade
Nzdusdsetup
NZDUSD SHORT1. Pullback and Retest of weekly neck line structure that has been well respected.
2. Good RR.
3. Rejection at 0.618 fibs level.
NZDUSD to drop 130 pips?Here's a weekly chart of NZDUSD. It has recently retraced to the 38.2 retracement and is now on its way to the 0.68191 support which has held for more than a year now. We have RBNZ Interest rate decision this week so keen to see how that will affect this support area - whether it helps break it or support it
NZDUSD - Daily UpdateRecent price action: Bullish
Pattern: Rising wedge
Long-term momentum: Ranging
Short-term momentum: Bearish
Bias: Short
Action: Already entered a short position for this pair; however, I would like to see a break and hold of short-term trend support on the daily chart. Do not add any more positions until price confirms movement to the downside.
Comments: Major slow down in price. SImilar to what is happening with DXY. Most U.S. pairs are reaching weekly S/R. Hopefully, the dollar can push through and majors will follow.
nzdusd dailyThis is a very quick trade, like a scalp on the daily chart, it works because of the bar formation in a strong downtrend. Will update, but as you can see it's either -1R or +1R, should happen soon after price chooses a direction.
NZDUSD - SHORT 0.382 Fib retracement from previous move down SHORT 0.382 Fib retracement from previous move down the channel
Price action suggest reversal at 0.382 fib and top of channel.
FX:NZDUSD
NZDUSD- SHORT SETUPHello Traders ! I was watching the impulse of this pair since too long and I think its the best time now to sell this pair . For me Correction have to come so Traders can take an open chance over this setup thanks.
