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Kiwi

Ascending Channel+H&S Pattern In Favor Of EURNZD Bears! Have a look at the main weekly TF chart of EURNZD pair. From here its clearly visible that the price is confined in an ascending channel which has been held on numerous occasions. However at the moment the price seems to be too aggressive to the downside and has potentially violated the channel pending today's weekly candle close! The four horizontal red lines represent solid support and resistance levels taken from the monthly TF. Just below the trendline there lies a psychological 1.65000 support level , which in this case is a must to be broken level in order to confirm a bearish outlook. For this level to be broken i would personally prefer the monthly candle to close below 1.65000 level . Furthermore, there is an almost complete H & S pattern on the chart , which would be complete when the trendline/channel breaks together with the 1.65000 level. In this case the potential 1.65000 turned resistance would also act as the neckline of the H & S . So to put all this together in favor of the bears there 3 concrete confluence factors to take this pair towards the next support that is present at 1.58000! Fundamentally the Euro is weak at the moment and is predicted to get weak in the coming months, whereas the NZD shows a mixed outlook. So putting all this together the probability of this pair breaking down is HIGH. Shall there be any updates regarding the trade entries i will post them in a new post. This just represents my outlook on this current pair
Short
by FX618Analysis
EURNZD - Head and Shoulders, Selling a retestDAY TRADE - EXPIRES AT 9PM (UK) Trade Idea A bearish Head and Shoulders has formed. A break of the neckline is required to confirm the formation. The measured move target is 1.6300. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6750, resulting in improved risk/reward. We look to Sell at 1.6750 Stop: 1.6800 Target 1: 1.6625 Target 2: 1.6600
Short
by Signal_Centre
NZDUSD POTENTIAL SHORT (4H TIMEFRAME) NZDUSD POTENTIAL SHORT OKAY SO I WAS WATCHING THIS PAIR AND ON THE 4H TIMEFRAME IT IS SHOWING ME A GOOD POSSIBLE SHORT OPPORTUNITY. IF YOU TAKE A LOOK AT THIS CHART YOU CAN SEE RECENTLY PRICE ACTION MADE A DOUBLE TOP; MEANING THAT PRICE FAILED TO BREAK NEW HIGHS AND ACTUALLY FELL TO THE DOWNSIDE AND BROKE RECENT STRUCTURE WITH STRONG SELLER MOMENTUM. THIS HAD DISPLAYED STRONG SELLER INTEREST AND AN OPPORTUNITY TO CAPITALIZE ON A POTENTIAL SHORT. LOOK FOR A CONTINUED WEAK BUYER PULLBACK INTO STRUCTURE. REASON WE WANT IT TO BE WEAK MOMENTUM IS BECAUSE THAT WILL BE A SIGN TO US THAT SELLER IS MORE DOMINANT AND JUST LETTING LAST BUYERS TO COME IN AND SELLER CAN TAKE EVEN LITTLE BETTER PRICE TO SHORT FROM (MORE PROFIT). WAIT FOR A PULLBACK INTO THE .66700 ZONE, WILL GIVE BETTER RISK/REWARD RATIO AS WELL AS MORE SOUND STRUCTURED SETUP FOR A POTENTIAL SHORT. IF PRICE ACTION COMES INTO .66700 LOOK FOR STRONG SELLER MOMENTUM TO CONTINUE BECAUSE THIS WILL SHOW THAT SELLER IS STILL INTERESTED. KEEP AN EYE OUT AND LETS SEE HOW THIS PLAYS OUT! CHEERS!
Short
by JosePips
2
EURNZD - Head and shoulders top in place.DAY TRADE - Expires at 9pm Trade Idea A bearish Head and Shoulders has formed. A break of the neckline is required to confirm the formation. The measured move target is 1.6300. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6800, resulting in improved risk/reward. We look to Sell at 1.6800 Stop: 1.6850 Target 1: 1.6675 Target 2: 1.660
Short
by Signal_Centre
NZDCAD Counter trend trade 5:1Possible buy on the NZD CAD We have sideways price action, followed by a burst to the upside AND a large wick rejection on the bottom, this implies to me there were alot of buying positions accumulated in that sideways motion, The most amount of volume occured at .8675 which is where I will be looking to buy at. We may not get a spike up to our take profit, I will be monitoring for early signs to close out since we are in a downtrend. Be one step at a time, we need to so how it reacts at the entry first. 13 pip stop, might be a little to tight.
Long
by elevatedinvestor
Kiwi to Falter? - Ichimoku NZD/USD Short Trade Opportunity The good NFP and economic data helped the USD surge across most major pairs on friday. I am looking for a drawback then chance to hop on to some hopefully continued strength. I would like to see a drawback and rejection at the zone I've drawn to validate a sell upon a kumo breakout. We have our ichimoku bearish confirmations, but we'll want to see those hold and continue to develop. As an alternative I may set a sell stop below the previous candles wick to enter short, should we break that level of support without getting the drawback I want to see. If either of these scenarios fail to develop, this setup may become invalidated.
Short
by The808Trader
2
NZD over AUD? - Ichimoku NZD/AUD Short Trade SetupThe kiwi has been fighting back across the board but especially against the aussie recently. We are at an important price structure level that if we break, should help the bearish trend continue. I think this will be a good candidate for a sell stop for entry, but as an alternative we could wait for a drawback and rejection at tenken sen to enter a sell. I've drawn some horizontal lines at price structure levels where I'll be taking partial profit at along the way to the longer term target. Per my usual style I adjust the stop loss into profit as this advances, and I leave partial position open even past my long term target, as long as the trend is still valid. If we fail to break lower or get a drawback and rejection, this setup may become invalidated.
Short
by The808Trader
1