HEAVY SHORT OPPORTUNITY ON NZD/USDOne of 2 ways we see that this NZD/USD trade can play out. High Risk Reward Ratio.
Nzd-usd-short
NZDUSD short ideaAs you can see from this markup we have locked into nearly all areas from our push down.... meaning the only areas are the liquidity above and below our highest zone!
so following what we know of interlocking structures the lower move would be next... taking us out of our retrace move and back into our trending structure move....
Reaching lower would give us 3 targets including the swing low after the first areas had been met!
If you like this idea let us down below with a like & share!
NZDUSD range bound, with RBNZ on the horizonOn Friday, the NZDUSD traded with significant volatility as the price surged strongly to the 0.62 resistance level but failed to break above, ending the trading week at the 0.6150 price level.
Early in the trading session today, the NZDUSD is trading lower with the potential to reach the 0.61 support level.
Look for the NZDUSD to break the 0.6120 interim price level to signal further downside potential toward the 0.6070 key support level.
Watch out for the RBNZ interest rate decision on the horizon, with a 75bps rate hike expected, this could bring significant volatility to the NZDUSD.
InvestMate|NZDU/USD Time for a correction💵NZDU/USD Time for a correction
💵Quick play
💵Quick play to make a correction in the medium-term uptrend after the double top breakout on the hourly interval
💵Input at current level
💵Stop order above double top
💵Take profit at 0.57334 which is the 0.382 fibo of the upward impulse wave
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NZD/USD-ShortBreaking the strong support line.If yoy note 15 minutes chart,you can see the price line cross the support line meaning a short chance is recognized.
Running this set up again as we got stop hunted on original trdelooking to Take NZD/USD Sell set up again here, risking very small % for a possible 1/3 risk reward
disclaimer- information shared is for educational purposes only and should not be taken as Investment advice!
NZD/USD Short Idea!Hello Traders
NZD/USD possibly see lower levels.
Reasons:
1-Main trend is downward and price is moving in a big downward channel.
2-A corrective channel has been broken down.
3-RSI uptrend is broken.
So it is possible that downward momentum continues till bottom of big channel.
Thanks for Reading
Team Fortuna
-RC
NZDUSD Short PositionNZDUSD in daily time frame has broken the big level and right now it's in the retest zone We can look for Short Position
Kiwi To Remain Flightless Until ~.6971The break below well tested support in conjunction with a weak S&P 500 should see continued downward pressure on kiwi.
NZD/USD: Trend continuation (bearish)Hey guys,
The pair strongly broke its initial balance during the Asian session and has not been able to get back at these levels.
Since the current value area is lower than the previous ones with lower highs and lower lows printing, I am favoring a trend continuation (bearish).
I will target the immediate support at around 0.70 levels.
The RR for this trade is slightly above 2.
Trade at your own risk.
Cheers
Jesse
NZDUSD - SHORT POSITION (4HR)CONFLUENCES:
-Bearish Market structure confirmed by EMA crossover
- Head & Shoulders pattern formation
- Break of a major support area
- Could see a further retracement to 0.71525 however I see further $ strength in the near term
NZDUSD: Weak Market & Bearish Continuation
Here is our today's forecast on NZDUSD.
Our analysis is based on current market fundamental sentiment.
According to our chart NZDUSD reached a strong supply cluster.
Based on our outlook the price will dump
to the next support level.
Like & Comment Our Analysis, Please!
NZD/USD Weekly Forecast (19th October - 23th October)NZD/USD 4h chart. The price is at the bottom of the wedge pattern. Bounce is also possible, but once the bottom line is broken, there is a great opportunity for a short trade. Important rule! Open the trade only if the purple line is already broken!
NzdUsd short ideaPrice currently in a corrective formation,
My preference is short but only after a break-out of the corrective move
SELL NZD/USD - 4HIf the price touches the gray line for the second time, it would be a good time to short NZD/USD...
NZDUSD facing bearish pressure, potential for further dropPrice is facing bearish pressure from our resistance and trend line where we could see a drop to our first support level , 20 period EMA and Ichimoku cloud are showing signs of bearish pressure as well. A break below our downside confirmation would provide the bearish acceleration for a further drop.
