More correction of EurNzd should be coming
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NZD
GBPNZD Starting to turn into a buy again.The GBPNZD pair has been trading within a Channel Up pattern since the start of the year and 10 days ago started its technical correction after the new Higher High. The price hit the middle of the pattern and as the 1D RSI touched its Higher Lows trend-line, the conditions for the new buy emerge again. We are placing the first buy of this sequence now and if the price drops more we will enter a second (and final) on the 1D MA50 (blue trend-line) potentially at 2.1000. For both positions, the target is 2.18000.
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EURNZD posted a daily bearish engulfing.EURNZD - Intraday
The bearish engulfing candle on the daily chart is negative for sentiment.
The trend of lower highs is located at 1.8345.
We look for a temporary move higher.
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
We look to Sell at 1.8343 (stop at 1.8393)
Our profit targets will be 1.8223 and 1.8193
Resistance: 1.8220 / 1.8280 / 1.8330
Support: 1.8170 / 1.8125 / 1.8100
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We have just entered against the news! would you dare to?!
We have just short kiwi by half of normal risk.
We believe these are the places that technical levels works better than news! News just helped us to see NZDUSD reached our entry!
NOTE: We mostly consider news as an important factor to move the market! This time was an exception.
NZDUSD Potential DownsidesHey Traders, in today’s trading session we are monitoring NZDUSD for a selling opportunity around 0.60800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60800 support and resistance zone.
Trade safe. Joe.
NZDJPY - Trend-Following Setup ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDJPY has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline.
Moreover, the zone 87.5 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As NZDJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDNZD The closing of the 1D candle is important.The AUDNZD pair is testing the top (dotted trend-line) of the Triangle pattern that started on the July 24 High that was a rejection on the 1.093250 Symmetrical Resistance. Friday's candle broke but closed below it. If any manages to close above it, we will buy and target 1.09350 on a potential emergence of a Channel Up. If on the contrary its rejected, we will be bearish, targeting the Triangle's bottom at 1.07600.
A 1D candle closing above the Symmetrical Resistance or below Support 1 (1.073350) will be a bullish and bearish break-out targeting 1.010530 (Resistance 1) and 1.063250 (Higher Lows) respectively.
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EURNZD 27/8/23EN one of our cleanest pairs from the low volume months is looking very clean again heading into a new week, we have a change from our USD pairs, no NEWS range and huge amounts of liquid below the lows in our range we sit in currently, a short term c-swing entry giving us a bearish shift but we met our demand and kept pushing into the SWH.
Coming into this new week iam seeing a low that we can head toward, and il be looking for a buy move from our highlighted zone, the only thing with this zone is that we don't have the highest amount of volume within that area, regardless we know his POI is aging by the day. so depending on our time to reach this POI will dictate how we enter it altogether.
would love to see LDN shift us lower into this POI and then a new bull range to start the week off would really kick of EN for us.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
EURNZD should be looking at more upside to come!
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***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Long AUDNZDAUDNZD daily Heiken Ashi candle closed green after a red daily Heiken Ashi candle. This in addition to a previous green weekly Heiken Ashi candle suggests to me that this week may be bullish.
I entered with a market order and placed my stop loss just below the local low on the daily chart.
NZDJPY Those are its buy and sell break-out signals.The NZDJPY pair has been trading within a Bullish Megaphone pattern since the March 24 Low. It has been though on its longest correction in the last 1.5 months and on Monday hit the bottom of the Bullish Megaphone. For as long as it holds, this is a potential early buy signal as the price also made contact with the 1D MA100 (green trend-line), which is the level that held and initiated the rebounds of July 28 and June 01.
The first buy confirmation will be a 1D MACD Bullish Cross (last one recorded on June 12) and the second a bullish break-out above the Lower Highs trend-line and 1D MA50 (blue trend-line). In that case, we will buy and target 89.700 (Resistance 1).
If however we get a 1D candle closing below the Megaphone's bottom (Higher Lows trend-line) and the 1D MA100, we doubt Support 1 will hold and will take the buy's loss, opening a sell position instead, targeting 83.540 (Support 2).
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NZDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.80300 zone, NZDCAD was trading in a downtrend and successfully managed to break it out. currently we are waiting for a correction to see a potential retrace of the trend towards more highs.
Trade safe, Joe.
NZDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.59200 zone, NZDUSD is trading in a downtrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend.
Trade safe, Joe.
GBPNZD - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPNZD has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 2.16 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline acting as a non-horizontal resistance.
As per my trading style:
As GBPNZD approaches the orange circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURNZD 20/8/23EURNZD has become one of our main pairs after we back tested over 12months of PA and had increased returns, now we follow this pair on a daily basis!
super simple sell range here so we are going to go for a short at our POI if we meet our entry requirements, NOW as we have such a large range we are using a confirm entry to get the best idea of price dropping or leading us higher.
cons are good for this range, liquidity, POI high volume, bank zone at our POI and overall clean break of the last range.
**KEY NOTE**
Jackson hole meetings this week that always shake up the markets so please keep an eye on that event!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!