NZDUSD fulfill my last idea.NXDUSD is exactly moving according my previous analysis and beautifully hitt our target 1 ( tagged ).
Now market is rejecting from support and here we have two scenarios.
I expect some retracment back before continuing downtrend so Now we have two areas for again enter in sell trades if market hold our 1st selling area then sell with small SL and TP is our main target 2.
If market break and hold the 1st area as support then wait for 2nd selling area.
Always trade safe and must use stop loss.
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Nzdusdshort
AUDUSD GOING DOWN LONG TERM!!!HELLO TRADERS
It seems like on a weekly timeframe this pair reached a resistance or supply zone(LOWER HIGH) and to back this up with top down analysis on a daily timeframe, the market formed a head and shoulders chart pattern which is a reversal chart pattern.
Moving on to the 4 Hour timeframe the market broke the neckline, probably confirming the new direction of the market.
Before any sell orders the market has to go through a correction phase to release buyers that are still in the market.
On the 1 Hour timeframe, traders should be vigilant for reversal candlestick pattern, chart pattern or Fibonacci retracement for entries......
N.B THIS ANALYSIS CAN ALSO BE USED ON CORRELATING PAIRS:
EURUSD
GBPUSD
NZDUSD
USDCHF
USDJPY
NZDUSD - Risky long ✅Hello traders!
‼️ This is my perspective on NZDUSD .
Here we are in a bearish market structure from H4 timeframe perspective, but we have opportunity for a risky long, as I expect price to make a retracement after rejecting from bullish order block.
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SHORT ON NZDUSDBased on the current market conditions and news, I see a potential short trade opportunity on NZDUSD. With the Federal Reserve being hawkish and the likelihood of the DXY strengthening, there is a higher probability for the NZD to go down.
Looking at the chart, NZDUSD has recently broken a trendline and is showing bearish pressure. There may be some support at a certain level, but it could continue to move down afterwards and form a clean range.
It's important to use proper risk management when entering a trade. Today, there is high impact news on retail sales, so it's important to keep an eye on that as it could affect the trade. Overall, I'm looking to enter a short trade on NZDUSD based on these factors.
NZDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD .
After the change of character I started to look for short positions. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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NZDUSD possible short for 0.6240nzdusd broker 0.6315 strong support of 12th January. 4hour & daily chart turned from bullish to bearish. wait for correct to tap supply zone for short. supply zones 0.6470-90, extreme supply zone 0.6517-40. both zone are strong selling zone. stop loss: 0.6560, target: 0.6240.
NZDUSD - Selloff started ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Here we are bearish from daily perspective, so I am looking for shorts. I expect bearish price action from here as price formed normal daily divergence and rejected from bearish order block.
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NZD/USD :: The failure of range box !!!NZD/USD :::
The price of the first thing it does is to break this small range box, and after being supported by the support levels, it will move to the middle line of the Big channel, and if it is charged enough, it can also be placed at the ceiling of the channel .
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NZDUSD M30: Bearish outlook seen, further downside below 0.6500On the M30 time frame, prices are approaching the resistance zone at 0.6500 where we could see a reversal below this level. The 0.6500 resistance zone coincides with the graphical support-turned-resistance zone and 61.8% Fibonacci retracement. Stochastic is facing bearish pressure from its resistance at 95.25 as well, where we could see a reversal in prices.
NZDUSD (BUY) Inverted H&S OUTLOOK D1NZDUSD is trading at an area of interest which we are currently in a bullish trend. A short term consolidation is needed to complete a potential bullish continuation structure or we may just breakout upwards of the neckline as we have Inverted H&S pattern in completion.
I personally expect short term growth of USD before continuing the bullish trend. Looking for a buy opportunity around 0.62200.
What's your view on USD?
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