This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hey Traders! 👋 For Day 14/100 of our challenge, we will look at NZDJPY upside potential It is a simple break and retest setup Break of 86 high > created a higher-high 87.3 > Retest to 85 daily resistance and 62% fib > target higher resistance Long thesis is invalid once 84 level is broken Simple technical outlook today. Have a great day ahead 🥂
Looking at the Monthly timeframe its evident that price is immediately bearish but has the potential to be bullish once it reaches the right head point of an inverted H&S structure. This is also just a bullish horizontal level. Still down for a bit to 0.49
Im bearish on NZDUSD right now. I expect a downward move to come soon on this Monthly chart. This completes a very large pattern.
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83800 zone, NZDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.83800 support and resistance zone. I would also keep an eye on the stock market to confirm the bias as NZDCAD has a positive...
✅NZD_CAD fell down sharply And the pair is locally oversold So as a strong support is ahead At 0.827 after the retest A local bullish correction Is to be expected LONG🚀 ✅Like and subscribe to never miss a new idea!✅
At the moment we are at a critical level where price can either break above the range or retrace to the tested trendline. At the moment there is no indication that price momentum is reducing so my sentiment is more bullish than bearish. For bearish sentiment we would need to see a shift in either the signals indicator or a shift in price action.
We are in the nice zone for open LONG position on NZD/CHF 4H.
It's the 24th May 2023, 3pm local time. The Reserve Bank of New Zealand (RBNZ) have just increased the official interest rate by 0.25% to 5.50%, as expected. What happened next was not expected... The RBNZ announced that they currently have no intention of raising rates further and that the next rate change could possibly be a cut! What does this mean for New...
On GBPNZD, we have a bullish setup after this morning's interest rate hike announcement. The price has risen to the 2.0240 area where we have a supply zone. Here, it created a spike, confirming the previous zone. Therefore, I will now wait for the creation of a short setup with a break of the lows and subsequent price rebound in the supply zone before entering...
Wait price rich our buy zone and then open LONG position on NZD/JPY 2H
I’ve been eyeing sells on NZDCHF. Yesterdays entry didn’t get past the 1st danger zone and bounced back up. Let’s see if CHF strength can move this pair for sells.
On the 4-hour chart, the trend started on May 5 (linear regression channel). There is a high probability of profit. A possible take profit level is 0.8325 But do not forget about the SL = 0.8540 Good luck! Regards, WeBelieveInTrading
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
H4 - Price is bouncing lower from a key resistance zone. Bearish divergence. No opposite signs. H1 - Bearish divergence. Lower lows. Until the key resistance zone holds I expect the price to move lower further after pullbacks.
On NZDCAD, after a significant decline caused by the increase in interest rates by the Reserve Bank of New Zealand, we have a price that has dropped to the 0.8305 area, where there is a significant validated demand zone and a long setup created in mid-April. The target for this long trade is 0.8486, with a risk-reward ratio of 1:10. Let me know what you think....
Price broke past 8 hour structure, along with a retest of the daily 50 ema & order block. These are signs that price may want to reverse tp the upside. I'm expecting a full retest of my POI (Point of interest) to look for a buy entry. This is a potential 400 pip move. So make sure to stay updated
AUDNZD broke and closed below a key horizontal structure support on a daily. The broken structure and a falling trend line compose a contracting supply zone now. A bearish continuation will be expected on the pair. Next goal - 1.048 For entries, consider the underlined blue area. ❤️Please, support my work with like, thank you!❤️