NzdUsd- Sell on confirmationTwo days ago, NzdUsd has broken above short-term resistance, and at the time of writing the pair dropped on retesting.
Yesterday's candle is a Pin Bar though that aligns nicely with mid-December's high.
A break back under 0.64 would confirm a false break and the target is at the bottom of the range at 0.62
A break also under that level will also confirm a double top with 0.6 target
Nzdusdshort
Selling NZDUSD into current swing high.NZDUSD - 20h expiry - We look to Sell at 0.6350 (stop at 0.6400)
Previous support located at 0.6250.
Previous resistance located at 0.6300.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6250 will confirm the bearish momentum.
Our profit targets will be 0.6250 and 0.6210
Resistance: 0.6300 / 0.6350 / 0.6400
Support: 0.6200 / 0.6150 / 0.6100
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Don't miss opportunity for short position NZDUSDhello
as you can see a flag pattern for NZDUSD and it has potential to downward from the point that we showed in chart
all you need is in chart
good lock
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There is an analysis of the NZDUSD H1 chartWe used the theory of price action in order to conduct this analysis, so that we could guide our decision-making process.
Based on the results of this analysis, we can see that the price is moving upwards while using the ascending channel to do so. In the past several months, the price has given us numerous pullbacks and bounce backs. In addition, the price has also tested the inner trend line in an attempt to complete the uptrend. However, near 0.64096, the price finally broke the inner trend line, giving us a short-term retracement, which gave us a new short-term downtrend. For more accuracy, we use Fibonacci levels. As of today, the price has already broken through the ascending channel and has held the support level of 0.62928 (61.80% of the Fibo). In the following days, we will be able to target the area where we can trade.
1.In the case of a price support moving down, the price is likely to move down and test the next support near 0.62928. If this support is broken, the price will enter a trend.
2.The target area near 0.63336 and 0.63745 is a retracement from the support area and a retest of the channel line; then price closes within the channel.
With this analysis, you will be able to find your most profitable trade, since Enclavefx believes in enhancing the knowledge of our clients & followers.
NZDUSD - Risky short ✅Hello traders!
‼️ This is my analysis on NZDUSD .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price filled perfectly the imbalance and rejected from bearish orderblock + institutional big figure 0.63000.
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$nzdusd - I am bearish but why?$nzdusd - I am bearish but why?
I am bearish since yesterday with Powell I took partials off with NZD & EURNZD long - However, I feel even if we get pull back with these pairs we still have more room for a pull back there are key levels I am looking at and pattern in play wedge, its broken out now my stops are from yesterdays highs if we get above that, then this position is no longer in play. However, imo - it's a very good R/R and that's what we like when it comes to trading.
0.64150 Areas as resistance and support zones: 0.63765, 0.63175, 0.62805
Data wise we got BOE & ECB left - lets see what they have in store for us.
Don't forget to trade your own plan.
Have a great day ahead,
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