Nzdusdshort
Head and ShouldersAs there is clear Head and shoulder pattern formation its a signal of bearish move lets wait for breakout and retest as there are High chances of aggressive selling after breakout lets wait and watch,whats next for NZDUSD.
Trade safely and let me know your views on this in Comments.
NZD/USD:DOWNTREND | PRICE ACTION ANALYSIS | SHORT 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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NZDUSD - Short/Sell Idea - Descending ChannelNZDUSD - Short/Sell Setup - NZD has been trading inside a descending channel since mid June. At the moment it is testing the upper trend line of said parallel channel, it also has tested a recent resistance area and price has seemed to have rejected this area, quite strongly, similar to the last time it met this level. Upcoming news for NZD is also looking negative for NZD
Always Use good risk management, only risk 1% or less on any given trade. When a certain % or pips in profit move stop loss to breakeven. Also you can take partials along the way or trail profit in case of a reversal or if price surpasses our target level.
NZDUSD Short : Tweezer Top Detected on 1Hr Timeframe Down Trend: A series of LL and LH
Short Reason: An entry was taken upon the tweezer top. It indicates that the price will move downwards from this point.
Support and Resistance: Blue lines show the weekly support and resistance whereas red lines show the daily resistance.
SL: It is placed at the previous LH of the chart.
TP: First TP is near the closed support and the second tp will be defined afterward.
NZD/USD:UPDATE| FLAG PATTERN | PRICE IS FALLIN...Hello Everyone, I hope you'll Appreciate our Price action Analysis !
Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools.
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NZDUSD – Classic breakout-pullback setup for the week of 04 JulyPreceding trend – bearish
Current price action – Pullback to a major level
My chart shows exactly what I am seeing and anticipating. Note that a recent breakout-pullback on the bullish side recently worked out well too. I will be looking for an entry on H1 time frame.
We can have a large target here, as the next major support I can see is way down to 0.5920. I intend to place my initial target at 2R and then look to extend it if price action shows me that we have good momentum with the bears.
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Always use sound money and risk management and stay patient in all your trades.
NZD/USD: DOWNTREND | BEARISH CHANNEL | SHORT SETUP🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools.
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Nzdusd---FAKEOUT or BREAKOUT??????NEITHER!.
Am not going to try to PREDICT where the market will go, only GOD can do that.
Am just going to wait for price to choose a direction and REACT to that.....
Am seeing that the fakeout option offers a high RR of 1:4, so am praying for that direction as I get to make more money.
Targets and stop on the chart, if am wrong I lose 1R, if am right I get 4R, and there is a 50:50 chance......so worth the risk!.
Like & Subscribe..... Let's SWING it, guys....
NZDUSD - Another Leg DownWe truly believe we are going to see another leg down to finalise a large-stop hunt on buyers.
Once we breakout past 0.61130 there is clear confirmation for us to begin taking our short positions. With NZD losing strength overall for the year, we can expect more leg down after each suppression zone.
NZDUSD is definitely one to watch out for! Avoid touching it until we get out of this messy range on the lower timeframes.