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Nzd-usd-short

NZDUSD - Head & Shoulders - DailyNZDUSD has formed a valid Head & Shoulders pattern on the daily time frame after failing to close above the middle Bollinger Band (20 SMA). The right head is slightly lower which is a sign of additional selling pressure. A significant bearish engulfing recently closed on the monthly time frame. Price closed firmly through the middle Bollinger Band on the weekly time frame. A significant bearish engulfing with a strong Bollinger Band outbreak is currently forming on the H4 time frame after bouncing from a 5 point support trend-line allowing for a very low risk entry. 1:9 risk to reward ratio. SL set above previous highs. TP set slightly above strong support. H4, Weekly and Monthly charts will be posted in the comments below.
Short
by justinholtgrave
NZDUSD Short Position (1Hr Timeframe)• Weekly- bearish engulfing candle which could see bearish week - Worth noting MA cross over in weekly • Daily- breakout from rising wedge however potentially see a potential ABCD pattern formation - MACD crossover signalling bearish move • 4 Hour- missed short opportunity due to NFP however looking to short pullback however be wary of both spinning tops so best to wait for market opening to see how pair moves • Hourly – MA about to crossover and will look to short once pullback is broken • Verdict – will look to short once pullback is broken. This a particularly a shorter term trade so not considering this weeks fundamentals
Short
by TarbzFX
NZD/USD Short!NZD/USD looks short for multiple reasons. Besides seeing significant strength in the USD the next two weeks, it looks like this has ran out of steam. Nice rejection of the resistance on the daily with beautiful rejection wicks. Formed a lower high and a lower low on the 4 hour. also broke the support on the 4 hour so we might be on our third wave down which typically reaches 1.6% or more of the first drive of elliot wave theory. Looks like a quick 100+ pips. My stop will be 1 pip above the most recent high of the month.
Short
by minthooka