FORECAST USDNZD15 Min Chart. Long.
Stop at 1.37
Target: 1.381
Cancel: 1.3782
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Usdnzd
NZDUSD Sell IdeaSell the break of the bottom TL aiming 50% FR of the special cycle or maybe even more.
T1 06745
T2 0.6184
SL 2 pips + spread above last high before TL broke.
NZD USD BUYBreak and restest of the 50 EMA
Bounce off the pivot point
Bullish Engulfing
Upcoming news in NZ of consumer confidence could be a good boost or if negative could move the trade against us.
risk/ reward 1:2
Stop below 50EMA and Pivot point. TP just before R1 but will need to trade through some previous resistance level at .70800
risk .5%
Let me know your thoughts?
Bearish Gartley on choppy USDNZD Gartley pattern on the USDNZD has just completed with very nice confluence in the 1.272 extension and 0.76 retracement.
Very choppy market at the moment on this pair which suits swing patterns like this. Also seems to be a bit of consolidation at a bottom, also good for a Gartley pattern.
USD/NZD bottomed support lineChart USD/NZD found bottom near 1.42
After this are two possible ways:
1. Tripple bottom - chart going down and after going up in June
2. Double bottom - chart going up right now!
If you trade in long-term good idea to open position near 1.47 in long
NZD/USD - triangle bullish break outFed is strongly divided on monetary policy but even 2 rate hikes are below market expectations. Kiwi $ is an attractive currency for carry reasons also.
Techically for the NZDUSD long position to work out the 0,6760 support needs to hold (double bottom formation) + bullish candlestick formation has to appear. Without these two conditions not entering this position!
High risk-reward potential (approx. 1:5).
USDNZD bullish falling wedge We've had 5 hit points on this falling wedge. Given this number and the fact that the market is very near the apex of the triangle expect a break into the upside on the next hit, but it could of course be on hit 7.
Green lines indicate the profit targets. Second one is most likely and the third one will be a really good hit.
Massive risk/reward on this trade.
NZDUSD breaking support level 1HThe kiwi is trending downwards with clear levels of support and resistance. Just now going through significant level at 0.7415 - which I will take for a genuine break if price action reaches at least about 0.7380 level before reversing. The prior retracements have met very clear resistance levels, thus I looking to short around 0.7415 level. The exact numbers for entry, TP and SL will be established when I see how price behaves - so chart is to be updated. For now I think it suffices to say that this could very easily set up a trade with a very favorable risk to reward
UPDATE: the break never reached the mentioned level of 0.7380, and so there was no reason for an entry based on the above. Price is stalling right now, and will have to pickup momentum either direction before I see reason to enter.
