Possible formation for inverse Head and Shoulders on 1H chart.
Looking at the H4 chart, my overall bias for NZDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 0.62891, where the previous high and 78.6% Fibonacci line is. Stop loss will be at 0.61559, where the previous swing low and 61.8% Fibonacci line is. Take profit will be at...
We had an inverted Head & Shoulder pattern formed, broke out to the upside and now re-testing the neckline turned support level. Should we se a strong bull candle close above the support level, that is our entry. We will target the very last high.
Arrow indicates target. Go to lower timeframes if you have a strategy to do that, you will have to pay for me to teach you to take trades. This is only for bias
NZDUSD is currently within a 5 wave impulse and we're in wave 5 now. We have NFP tomorrow which may reverse the market and with it, NZDUSD. Trade Idea: - On lower timeframe, watch for a sharp sell off - Confirmation on break of red trendline - Targets: 0.61 (320pips), 0.59 (500pips) Will review price action once we move lower to see if we'll move down to...
Unlike the AUDUSD, the NZDUSD has continued with the recent upward momentum to climb higher overnight, testing the 0.64 resistance level. Look for the NZDUSD to consolidate below the 0.64 resistance level or even possibly retrace briefly. However as the uptrend is strong, if the DXY continues to weaken, the NZDUSD could trade higher again after the...
as per my analysis gbpnzd going to fall after resistance at 1.94179 i will drop 1.85202
Price is falling from a major resistance area. It has also created a DOUBE TOP. Here is the play I will be taking on this pair: Entry = 86.419 Stop Loss = 87.236 Take Profit = 84.269
In this update we review the recent price action in the NZDCAD and identify the next high probability trading opportunity and price objectives to target
Hello, Friends! Anyone who looks at the chart of NZD/JPY today Can tell that bears will win this battle So we are opening a short position! SELL! ✅LIKE AND COMMENT MY IDEAS✅
EURNZD - Intraday - We look to Sell at 1.6598 (stop at 1.6638) Previous support at 1.6600 now becomes resistance. Our short term bias remains negative. Preferred trade is to sell into rallies. 20 4hour EMA is at 1.6609. Our profit targets will be 1.6498 and 1.6478 Resistance: 1.6500 / 1.6540 / 1.6600 Support: 1.6480 / 1.6440 / 1.6400 Risk Disclaimer The...
Sellin while up trend is risky but I like. Please keep R&MM if trading.
Hey traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.64 zone, once we we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
NZD/USD as predicted in our previous idea, the price is growing following the bad momentum of the USD coming from economic news against this last one. The price inside a Bullish rally today had a pullback around the value of 0.6300 and all the clues are in favor of the NZD to take advantage against the USD. Will be crucial for the release of the economic news...
nzdchf In the upward trend, the probability of growth up to 0.61 has become very strong..............
Looking at the H4 chart, my overall bias for NZDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 0.62649, where the 78.6% Fibonacci line is. Stop loss will be at 0.61559, where the previous swing low is. Take profit will be at 0.64685, where the previous swing high is. Any...
On the H1 time frame, prices are holding above an ascending channel where a throwback to the 0.6250 support zone, in line with the Fibonacci confluence levels could provide an opportunity to play the bounce to the resistance target at 0.6350, in line with the 100% Fibonacci extension level. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
I'd say this is a high probably trade, because you can clearly see the structure here even on a high timeframe. This pattern is very common, and it's called inverted head and shoulders pattern. It made a break, and is now back down for the retest. I see this as a good chance of continuation up. Good luck traders!