Nzdusdshort
NZD/USD SELL SIGNAL
Hey tradomaniacs,
NZD/USD:Daytrade-Preparation
Market-Sell: 0.67075
Stop-Loss: 0.67195
Point of Risk-Reduction: 0.66990
Take-Profit: 0.66585
Stop-Loss: 12 pips
Risk: 0,5% -1%
Risk-Reward: 5,0
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Peace and good trades
Irasor
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NZD/USD likely to BREAK DOWN!Hey tradomaniacs,
chart actually explains everything I want to say.
AS long as risk-off continues NZD/USD is more likely to fall, especially after the recent fake-out!
I still hope to see a little pullback to get nice entries for a short!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
NZDUSD | Small correction♻️Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this currency pair, waves 1, 2 and 3 have been completed and now we are inside wave 4.
Wave 4 is very long in terms of time and is in normal condition in terms of Fibo.
We think this wave is complex and from this complex wave the y wave is being completed.
We are inside wave c of wave y and from this wave c is formed waves 1, 2, 3 and now wave 4 has started; we thought wave 4 was flat, but according to the current trend, we give the possibility of zigzag and from this zigzag an ascent. All that remains is to continue around the ceiling of the orange channel and then descend for wave 5 of the main wave c, and this decline is confirmed if the marked red circle is broken downwards.
If the Fibonacci retracement of 0.618 breaks at the price of 0.70000, it can be concluded that the correction process is complete and the leading waves are forming.
Also, a further drop from Fibonacci 0.618 would be very unusual.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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NZDUSD SetupNZDUSD is trading in a bullish parallel channel on shorter time frame. We are expecting bulls to take charge and push the price to new highs.
Alternatively, this is a bearish flag in making on daily time frame. If bears manage to break the price below, the flag pattern will come into play.
Trade your levels accordingly.
EUR/USD probably a fakeout!Hey tradomaniacs,
"Asia's share markets turned negative on Tuesday as two-year U.S. Treasury yields topped 1% for the first time in almost two years with investors weighing the risks of a Fed policy rate rise as soon as March."
Read more 👉 www.investing.com
This is the reason why I`m concerned about the US-DOLLAR-drop from last week and have the suspicion that we are going to see fakeouts. Do you remember the post about rising yields but the falling US-Dollar and that one of these charts is lying? If we see a continuation of higher yields we can expect US-Dollar to make a huge turn.
Also keep in mind that the entire rally during the corona-pandemic was based on the liquidity that has been provided to the market and that we could see more risk-off if the economy continues to cool down / stagnate while the FED is forced to fight inflation.
Here are some charts just with key-levels:
1️⃣ AUD/USD 👉
2️⃣ GBP/USD 👉
3️⃣ EUR/USD 👉
I will patiently wait because fakeouts can cause huge momentum to the downside here as soon as finished!
NZDUSD ShortHey traders, in this week we are monitoring NZDUSD for a selling opportunity around 0.69 zone. Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.