Buy the Dip- This is more like it. Set-up implies- price is retracing to resistance level , and will likely be resisted to a falling trendline or further to TP
GBPNZD has broken the bullish parallel channel and the price is trading under it. Currently, it has approached to retest it and the horizontal resistance where price may face a hurdle. We are expecting a short term downtrend to continue
NZD FUNDAMENTAL BIAS: WEAK BULLISH 1. Monetary Policy At their April meeting the RBNZ surprise economists but not STIR markets by delivering a 50bsp hike, taking the OCR to 1.50%. The bank stressed, like most others, that inflation is a concern and that they will ensure that higher price pressures don’t become embedded in longer-term inflation expectations....
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
- NZD FEATURE The NZD FEATURE currently stands at 0.6452 LEVEL. JPY FEATURE is down a bit now compared to yesterday. JPY FEATURE was a bit DOWN with RISK ON in the previous days. There will be more JPY DOWN. Stay tuned for the VIX INDEX. Currently VIX is getting a bit DOWN. NZDJPY prices are moving higher than DYNAMIC LEVELS. Also an ALT.BAT PATTERN is...
Expecting upside moves on the AUD in the coming half-hour off the back of strong rate hikes expected out of Australia. Monitoring current position for a break of resistance, signaling a strong rally to indicate TP-1 level. I will update this post as this continues to play out.
Hello,Traders! GBP-NZD is trading in a downtrend Below a falling resistance level And the pair is now retesting this level So I think that we will see A local move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
NZDUSD on the 4h chart reached the monthly support area after a long bearish impulse. The price tested the structure and bounced over it, starting a retracement to the upside. How can i approach this scenario? I will wait for the EU market open and the potential break of the minor structure area, in that case, i will search for a nice long entry according to the...
I am looking for short here if the price takes out liquidity above equal highs and rejects from bearish orderblock.
My ideas this way for NzdJpy in this week and I supposal Long Postion for today
This is a counter trend trade. H1 has shown a high yesterday at 1.1075 There is a M15 Double top. Harmonic pattern present.
On NZD/JPY is nice to see strong sell-off from the price 0.6554 , there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Strong rejection of higher prices +...
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
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPNZD has reached a support level from which it has already bounced up. I expect an upward movement. BUY scenario: long to 1.927. ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
On the NZDJPY asset we see a similar market structure forming as per the analysis on AUDJPY. Therefore, following the same conception, together with the a short-term Bearish market structure within an overall Bullish market structure, we can look for short term sells and then prepare ourselves to purchase this asset in the long term. Best of luck! Cheers.
It is at a weekly high waiting for it to retest then going short!
Our last NZDJPY analysis was invalidated and did not get triggered for entry. Since then, we went back to the drawing board and realised that we're still within Wave 5. Wave 5 is made up of 5 subwaves and we are currently on the 4th subwave, which is an ABC correction. We are now trading the C leg of this correction. SHORT Trade Idea: - Watch for rejection of...