NZD/USD broke the 50 ema and is en route to breaking the 200 ema. Move is confirmed if current broken ema's keep acting up as resistence and 200 ema gets broken on the 30 min chart.
Looking to take a long on NZDUSD and hold it for possibly longer than a week given the time of year and the distance it has to travel. Entry: 0.70105 SL: 0.69792 TP: 0.71395 I will look to take something off of my position with 20 pips in profit and let the rest of the position run. Stop-loss will be moved the breakeven once 50 pips in profit. There is a chance...
Looking to take a long on NZDUSD and hold it for possibly longer than a week given the time of year and the distance it has to travel. Entry: 0.70352 SL: 0.69866 TP: 0.71488 I will look to take something off of my position with 20 pips in profit and let the rest of the position run. Stop-loss will be moved the breakeven once 50 pips in profit.
NZDUSD has shown weakness from the very start of the trading week. I am looking to trade in that direction on a retracement higher from yesterday's move. Looking for this trade to last into Friday morning and will add updates as the trade is triggered or if it is never filled at my requested price. Entry: 0.69004 SL: 0.69528 TP: 0.68163
NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the way down to major support at 0.6852 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is also seeing major resistance at 91% where a...
NZDUSD has once again reached our profit target perfectly. We now prepare for a drop. Sell below 0.6905. Stop loss at 0.6935. Take profit at 0.6855. Reason for the trading strategy (technically): Price shot up perfectly and reached our profit target. We prepare to sell below major resistance at 0.6905 (Fibonacci retracement, Fibonacci extension, horizontal...
NZDUSD has dropped perfectly to our profit target and is now testing channel lower limit support. Buy above 0.6855. Stop loss at 0.6829. Take profit at 0.6905. Reason for the trading strategy (technically): Price has dropped perfectly to our profit target and we’re now seeing major support at 0.6855 (channel lower limit support, horizontal swing low support). We...
Looking to see if we can get another opportunity to enter in at 0.70670. I am expecting price to trade up into 0.71096. The stop loss is placed at 0.70383 This will be a decent retracement from the current downtrend. It will be interesting to see what happened once we get above those relatively 3 equal highs.
NZDUSD encountered so resistance just below the 0.74000 so I am expecting a small retracement back down to around 0.73243 area. This is a healthy retracement before it resumes its up trend to the 0.74000 I still believe that this pair will want to trade to 0.74000 longer term but for now I believe that a retracement is in the cards near term. This will be...
Sitting perfectly in an important zone which can be seen clearly on the 4hr and daily charts. I will be sitting and waiting for this pair to breakout to the upside and potentially reach 0.7550 area. One to watch for now and sitting inside the watchlist, maybe a clear break of the 4hr trend line could be enough...
NZD/USD has recently completed an inverted head and shoulders formation. It has bounced off the current downtrend line and come back to kiss the neckline of the inverted H&S. Looks like a prime opportunity for a long! What is your view of NZD/USD? Tell me in the comments below!
NZD/USD is currently very bullish and if the current resistance is broken, it can go up 50 pips+ higher. This is a continuation pattern.
I'm in this down to the demand zone and psychological level of .7200 - Gets busy later on with US news so will be watching closely.
NZDUSD has bounced up perfectly from our 1st support and reached our major resistance from Friday. We’re now seeing major resistance at 0.7276 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong drop could occur from this level to push price down to at least 0.7186 support (Fibonacci extension, horizontal swing low...
There are some reasons to enter this trade and hold it over the weekends.
Buy above 0.7312. Stop loss at 0.7256. Take profit at 0.7436. Reason for the trading strategy (technically): Price tested our buying area and ascending channel support and had bounced up really nicely as expected. We remain bullish above major support at 0.7312 (Fibonacci retracement, horizontal overlap support, long term ascending support, bullish price action)...
Sell below 0.6885. Stop loss at 0.6922. Take profit at 0.6823. Reason for the trading strategy (technically): Price continues to test our selling area. We remain bearish looking to sell on strength below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a...
At the moment we have NZDUSD following a nice bullish channel, it has broken the daily trendline (dotted) however rejected a resistance level of 0.68961 . I will now be watching to see whether it continues to follow the bullish channel upwards if it falls to the trendline and rejects. If it does reject the trendline and remain bullish I can see it then breaking...