Nzdusdtrade
NZDUSD BUYHi fellow traders, NZDUSD has completed this larger correction in an ABC formation. It's quite common to see a shorter 'C' wave. Since the other dollar quote pairs look ready for a move higher we are expecting to see NZDUSD do this as well. The trade will be invalidated if we break the red line. Target the resistance levels. Good luck and trade safe!
NZDUSD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. My point of interest is if price makes a retracement to fill the imbalance lower and to reject from bullish order block.
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20 Reasons for Buy NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: A completely bearish trend is in place. The last low was created in 2001, followed by a BOS (Breakout of Structure) that occurred in 2011. The market then entered a correction phase and formed a valid lowest level in 2020 with a big hammer and heavy volume. This indicates that the market may have formed a higher low and could potentially continue its bullish journey. Currently, the market is making an inside hammer move and coming down for a liquidity grab. Price has reached an extreme level, and if we closely observe, we'll notice that each candle has lower-side wicks.
2:📆Monthly: Despite the overall bearish trend, there is a valid low formed, and at that low point, there is a significant volume which indicates a strong buying area. If we look at the closing of November 2022, there is a big doji candle followed by big bullish momentum moves. The current month's candle also shows a similar character.
3:📅Weekly: A triangle pattern is forming, and it has almost narrowed down according to the timeframe or the triangle's nature. If we check the ratio of bullish and bearish candles from the last low to the current candle, we can clearly observe powerful bulls in control. The internal structure forms a bearish CHOCH, but it immediately creates a fakeout, turning the bearish CHOCH into a bullish pattern. Take this into consideration.
4:🕛Daily: Price has taken an inducement and is now following recent order flow. The last valid low is at the same level, and prices have been moving sideways from this point, forming a triangle. The breakout of this triangle will define the next move of the market, and there is a possibility of an upside breakout.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish to sideways, corrective move completed with a valid low and demand area.
6: 2 Pattern Candle Chart: Headfake chart, triangle, LH (Lower High), momentum candle.
7: 3 Volume: High volume at the lower high indicates a signal of profit booking. After heavy volume, prices have not gone further down, instead moving upside.
8: 4 Momentum UNCONVENTIONAL RSI: Sideways but in the bullish zone.
9: 5 Volatility measure Bollinger Bands: The bands are in a full squeeze, and the breakout of the squeeze will finalize the entry. If it breaks upside, take a long position immediately.
10: 6 Strength ADX: Sideways.
11: 7 Sentiment ROC: USD is weak, and NZD is strong.
✔️ Entry Time Frame: H4
12: Entry TF Structure: Bullish CHOCH.
13: Entry Move: Impulsive.
14: Support Resistance Base: Trendline breakout.
15: FIB: Activated on the daily timeframe.
☑️ Final comments: Buy at the breakout.
16: 💡Decision: Buy.
17: 🚀Entry: 0.6232.
18: ✋Stop Loss: 0.6168.
19: 🎯Take Profit: 0.6466.
20: 😊Risk to Reward Ratio: 1:2.
🕛 Expected Duration: 20 days.
NZDUSD - Risky short ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: After the change of character here we could see price to start bearish price action. As well, we have as confirmations that price filled the imbalance and rejected from bearish order block.
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Chart analysis for NZDUSD D1A symmetrical triangle has been forming on the daily chart since the second half of May as a result of two converging trend lines. Furthermore, bulls should be cautious given the recent repeated failures above the 100-day Simple Moving Average (SMA). Therefore, it would be prudent to wait for some follow-through buying and sustained strength above the 0.6200 mark before positioning for any further appreciation. In other words, NZD/USD might test the 0.62800-0.6285 supply zone, or May's monthly swing high, once it clears 0.6235.
As for downside protection, the 0.6140-0.6130 area now appears to protect us before 0.6100. 0.6070-0.6065 is currently pegged as good support along the lower end of the triangle. NZD/USD could reach the psychological level of 0.6000 if the pair breaks below. There is potential for further near-term losses if further selling occurs below the YTD low.
NZUSD - Bearish momentumNZDUSD has a bearish momentum for a while, adding to the running position with multiple confluences increasing the probability to the downside. Trend line touch, Fib level 78.6 retracement, support turned resistance and an order block will make this a perfect scenario for a valid setup.
NZDUSD 1H. Day trading signal.Hello Everyone. I want share my idea about NZDUSD.
After big move it broke up trendline and came back for retest it, we saw today reaction at resistance which came back well i open my short position. It also close to 4h Fibonacci important LVL.
We have on Dollar index bullish moves which i think will dominance on the pair and at the moment it show us new swing high of downtrend.
💡 NZD/USD Short opportunity Hello traders.
A possible short setup for tomorrow. This pair is looking likely to continue its downtrend. We are now below the 50% RSI and we have just encountered an impulsive move down with a retracment back to the 61.8 (The strongest level in my opinion) we still need confirmation, however this is looking like a good opportunity. I will keep you posted 📬
NZDUSD - Still bearish ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are still bearish, so I am looking to add short position. I see price to continue the retracement to fill the imbalances higher and then to reject from bearish order block.
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NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: As I expected in my previous analysis, price made a retracement and filled that huge imbalance, now I expect bearish price action as price rejected from 4H bearish order block from premium market zone.
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