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Nzdusdsignal

NZDUSD | Perspective for the new week | Follow-up detailsIt's over 300pips move in our direction since my last publication on this pair (see link below for reference purposes) and the appearance of a Double Top pattern is leaving me with no choice but to look out for Bearish momentum in the coming week(s). There is high hope for the Greenback in the nearest future as the focus remains on the Fed tapering timeline Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Double Top) Observation: i. The Kiwi enjoyed a tremendous 5.33% gain over the Dollar in the last 3 weeks but appears to have found Resistance @ $0.71700 which gave rise to a Double Top structure. ii. Double Top: An extremely bearish technical reversal pattern forms after price tested the peak ($0.717000/0.71600) two consecutive times with a moderate decline between the two highs with confirmation awaiting us if the price falls below the Demand level which is equal to the low between the two prior highs. iii. The appearance of a couple of shooting star candlesticks on the last trading days of last week further emphasizes the expectation of a plunge in the coming week(s). iv. Shooting star: the price tried to rise significantly during the last two days (9th/10th Sept 2021), but then the sellers took over and pushed the price back down. iii. Even as we remain patient for confirmation in the Breakdown of Neckline, I am comfortable being in this trade anywhere below Key level @ $0.71200... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
NZDUSD | Perspective for the new week | Follow-up detailsIt is over 200pips move in our direction since my last publication on this pair (see link below for reference purposes - the positive outcome from this speculation is indeed interesting as one of my client did not believe in our sell position hence he closed the trade😄and lost the opportunity to recover his account ) and it appears that we have milked the Bearish move to its end as the appearance of a reversal set-up at this juncture hints at a possible rally which might be a correction of the impulse leg we took advantage of. The Kiwi hit 10-month lows on Friday as coronavirus lockdowns undermined their economies and pushed out policy tightening hereby sparking a steep drop in bond yields. After hitting a month low @ $0.68050 early in the week, the Kiwi bounced higher in a rangebound trade to post a slight gain at the end of the week with signs of a reversal in the air should price break and close above key level @ $0.68400. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Reversal pattern (Double Bottom) Observation: i. Since the beginning of the month of August 2021, we witnessed a spiral move downward as the price continued to find lower lows. ii. After hitting bottom @ $0.68100, we witnessed multiple rejections of this level during the latter part of last week trading session which gave rise to the appearance of a Double Bottom pattern - a very strong reversal setup. iii. Double Bottom: a charting pattern that describes a change in trend and a momentum reversal from prior leading price action shall be confirmed as soon as the price does a Breakout/Retest of the Neckline which is also my Key level at this juncture. iv. Considering the Bearish momentum on this pair; it is advisable that we become patient for confirmation which shall be at the completion of reversal pattern to hop in the rally. v. Please note that this reversal might be a correction of the bearish impulse leg (temporarily bullish) and if the price breaks above a 61.8/78.6% retracement then we can be looking at the possibility of an outright reversal... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:5 Potential Duration: 3 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. This is a long-term perspective and you might watch this space for speculation on lower time frames as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
NZDUSD | Perspective for the new week | Follow-up detailFollowing the fulfilment of a 120pips move in our direction (see link below for reference purposes), we witnessed a correction back into our precious key zone @ $0.71000 - a significant zone (Neckline of Double Top pattern on the weekly chart) for sellers with another opportunity to short the Kiwi against the Dollar in the coming week. As the Kiwi continues to trade below $0.70000 after US inflation data, I anticipate a further breakdown of demand level in the coming week after observing the rate at which sellers continue to push the price down into the middle of the rectangle thereby revealing weakness in the value of the Kiwi ahead of US Nonfarm payrolls. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Channel (Bearish rectangle) Observation: i. Price has been caught within a 130pips range since mid - June 2021 to form a Bearish rectangle pattern. ii. The price appears to have paused during a strong downtrend and temporarily keeps bouncing between two parallel levels $0.70500/0.69000 in the last 40days with anticipation of a trend continuation in the nearest future. iii. The appearance of a Bearish rectangle at this juncture in the market might be seen as a bearish continuation pattern with extension into a 61.8/78.6% retracement of Impulse leg on the weekly chart (see weekly chart below for reference purposes). iv. Price action has been at Key level @ $0.71000/0.70000 been at the Neckline of a Double Top pattern cited on the weekly chart (see chart below) is also a feat suggesting bearish possibilities. v. In this regard and considering the bullish expectation in the long term perspective, our confirmation shall remain below Key level to be confident in this trade with opportunities to add position at break down of Demand zone... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4.5 Potential Duration: 4 to 8days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
NZDUSD | Perspective for the new week | Follow-up detailsSince my last publication on this pair (see link below for reference purposes; the price has moved a little above 50pips in our direction as we witnessed a transition into a consolidation phase which also explains the doubt/indecision in the market in the last 3 weeks. Despite observing multiple rejections from the $0.69200 area in the last week, I suspect that the Greenback is setting up for strong gains in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Double Top) | Trendline Observation: i. The Bearish Trendline (see weekly chart) reflects that price has been caught within a Bearish scope since late May 2021 with strong tendencies of a risk of further decline for the Kiwi in the coming week(s). ii. Conspicuously, multiple rejections of $0.70400 making a confluence with the Bearish Trendline during last week trading session validates my plan to shorting the Kiwi. iii. Double Top: The appearance of an extremely bearish technical reversal pattern after the price reached a peak two consecutive times ($0.70450 & $0.70390 respectively) with a moderate decline between the two highs further support a Bearish bias as I look forward to a Breakdown/Retest of Bullish Trendline (indicated on shart) in the coming week. iv. Please note that below the Key level @ $0.70100 remains a yardstick to shorting. v. A Breakdown/Retest of Neckline @ $0.69750 might welcome addition to the existing position. vi. And a successful Breakdown/Retest of $0.69200 ( a level that held price "supported" in the last week) might be the straw that will break the camel's back for significant sell continuation. vii. CAUTION : A breakout and retest of the $0.70400 area shall render the narrative invalid and I shall be switching position for a rally!... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:6 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
nzdusd 29.07.21mind you this is a h4 timeframe meaning it might take loner than expected. price is at a resistance which it seems to be respecting and if it holds, i am at least expecting price to retrace for a retest on our previous support. with a successful rejection which gives us second entries there then we might be able to see price push higher in order to reach our actual target. on the other hand, yes price could create a new low and not reach the area we are expecting it to retest and continue rising without giving us second entries.
Long
by fxqueen98
nzdusd 16.07.21looking at our previous h4 candle price closed above the high although it did not push as much as we would like it to. right now price has completed a wickfill which can be seen as a retracement for price to push higher. we need price to reject this low and definitely push higher for this h4 candle printing now to create a new high which can keep pushing price higher to our target. if price fails to create a new and closes below the previous high then our trade would have been invalidated
Long
by fxqueen98
NZDUSD After the Breakout Could Start a New Trend Welcome back Traders, Investors, and Community! Hi Traders, NZDUSD on H4, we have had 3 large green candles before the range just below the Resistance. If the price breaks above the Resistance on the lower TF we can look for a good Bullish setup to buy. Buy at Resistance Breakout or Buy at 0.6993 ⭕️SL @ 0.6957 ✅TP1 @ 0.7066 ✅TP2 @ 0.7115 ✅TP3 @ 0.7240 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Long
by Fibonacci-Signals