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Nzdusdshorttrade

NZDUSD 0.68156 + 0.68% SHORT IDEA * PRICE ACTION & CORRECTIONHEY EVERYONE Here's one on the NZ DOLLAR / US DOLLAR PAIR that rallied up with the bulls broke the resistance level 0.68106 now support as the pair retested this structure likely signalling continuation with the bull but i'm targeting a correction of this move to the upside as the pair is overbought on most indicators and is showing signs of slowing down in momentum will be approaching this one with pending orders and if possible tight stop. for entries we scale down to smaller time-frames to determine entries and so forth. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
NZDUSD swingSo many confluences to make me go short on this, third tap on the inner structure trend line with the possibility for a retest on the outer trend line, trading at a key resistance area and at the .786 fib retracement. Will be shorting at a retest of the fib or the trend line. if it gets there corrective it will only add more confluence to go short. Will be targeting the low of the wick as wicks needs to be filled for a target of 1200 pips, then to either of the two fib extensions after that. This is a swing trade so going to be holding this trade for a while upon entry
Short
by TradingAfterCollege
1
NZDUSD TRADE IDEANZDUSD - looks like short-term down (30-50 pips), then up, but let's see.. Price gets rejected from the H4 resistance level, which can send the price back to the H4 support level(s) - 0.6800, where I'll be looking for long opportunity. If price (directly) break above the resistance level, I'll be looking to take a long above 0.6850 with 1st target 0.6900, then I'll be make my setups to wait for TP2 0.6950 (moving stops and booking some profits) and 0.7050 as a main targets. Even I can took a small short on H4, not to make money, but for fun (pips hunting, and not for making money). NZDUSD SELL 0.6833 SL 0.6853 TP 0.6803 NZDUSD BUY AT 0.6800 (or earlier if price get rejected before hitting 0.6800 on H4/ H1) SL (probably) 0.6750 (I will set the SL when (if) I have clear buy on H4) TP 0.6840 TP2 0.6880 TP3 0.6950 (main target) NZUSD BUY ABOVE 0.6850 (if price goes directly up above the resistance) SL BELOW the candle that breaks the 0.6850 level TPs are the same It's my trading plan. I will make it more clear probably on Monday around London or US open, it depends :) www.trade-insider.com
Long
by Trade-Insider
NZDUSD GREAT ShortNo surprise that the dollar has been strong over the last few months against the kiwi. Price has broken underneath a yearly support, and created a new resistance after test, It could still be a false break out, but if the price continues to drop this week, i believe we could see a nice 300 pip loss in the price of the kiwidollar. ***SIGNAL*** look for the next bearish engulfing candle on the 4hour or daily chart and go short with a Stop loss 10 pips above the new resistance channel. As this being normal in the NZD, price could drop quick. Get in while you can to make sure you dont miss a fast 100 pip move
Short
by BretRamkey
1
NZD/USD Short IdeaThis idea is for educational and study purposes. Trade at your own risk. Past results do not guarantee future profits. NZD/USD appears to be at the end of a flag/retracement area. I anticipate that price will rally back down towards the neckline of the head and shoulders pattern. The take profit area is a major level of support. The flag is being contained in a nice channel. If price continues in this manner I anticipate a stop loss at most the 23.6% fib level which does not pose a great deal of risk in relation to reward. If this idea is correct, approximately 100 pips can be gathered on this small run, before price makes its next move to higher levels.
Short
by mrsceleste
3