NzdUsd formed a Triangle pattern to move down. (Swing Setup)Looking for Impulse Down.
NzdUsd getting ready to move down. It completed leg 5 with a triangle pattern. Now it will follow a way to complete another impulse. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
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Nzdusdanalysis
NZDUSD BUY | Idea Trading AnalysisNZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
NZDUSD - Long from trendline !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price go a little bit lower and then rejects from trendline + liquidity zone + institutional big figure 0.61000.
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NU Trading Plan - 9/Jun/2024Hello Traders,
Hope you all are doing good!!
I expect NU to react from the highlighted zones.
Currently NU is in bigger correction & I am still seeing the potential bigger move towards upside.
Plan to Trade:
If market starts to correct from current levels upside and hit the highlighted zone, then short term sells are possible.
0.605 will be the area where I will start to look for my BUYs.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
NZDUSD - Long after filling the imbalance !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block.
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NZDUSD Bullish setups**Monthly Chart**
NZDUSD last month's candle closed bearish only to test liquidity near the previous swing low. This month candle opened near the close of the previous candle and started to move aggressively higher. If this move sustains then we will be looking for the next target around 0.6400 level and then 0.6600 (around 400 pips from where the price at).
**Weekly Chart**
Last week candle closed bullish as a continued move from the previous week. There were good buying opportunities on smaller time frames in the previous weeks. This week we will be looking for any trading opportunities on the retracements for good swing trades towards the next target.
**Daily Chart**
For the next two weeks, I will be looking for the price to retrace lower and provide buying opportunities. For selling opportunities, it will be short-term near the 0.6250 level if the price is unable to break the high. We might see a strength of the USD index for a short-term swing to the downside. But the main opportunity is for long setups as of now.
On 22nd May, there will be Red Folder news on NZD which might push the price of NZD pairs lower, then we will see how the market reacts to the news. Either way, it will provide a good trade setup for our next move.
NZDUSD WEEKLY UPDATEHello trader here is an update on NZDUSD as you can see the price has been bullish as was predicted in my setup weeks ago and now the price has reached a level of resistance so now I will wait for the price to break this level of resistance and turn it into support then I will add another buy trades. NB I am still holding my buys.
THIS IS NOT FINANCIAL ADVICE
NZDUSD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
NZD/USD - Bearish Harmonic Pattern Signals Downtrend TrendThe NZD/USD currency pair is currently exhibiting strong bearish signals. A Bearish Harmonic Pattern has formed at a key resistance area, indicating a potential reversal. Additionally, a Bearish RSI Divergence on the 4-hour chart further supports our bearish bias.
_________________Technical Indicators_____________________
Bearish Harmonic Pattern:
The Bearish Harmonic Pattern detected at the key resistance level suggests a potential downward movement. This pattern is known for its high probability of signaling trend reversals, reinforcing our expectation of a bearish trend.
Bearish RSI Divergence:
The Relative Strength Index (RSI) on the 4-hour chart shows a bearish divergence, adding another layer of confirmation to our bearish outlook. The divergence indicates weakening momentum, suggesting that the recent upward movement is losing strength.
___________________Trade Setup_______________________________
Entry and Stop Loss
Entry Point: 0.61345
Stop Loss: 0.61535
The entry point is strategically placed below the resistance area to capture the expected downward movement. The stop loss is set slightly above the resistance to protect against potential breakouts.
Take Profit Levels:
To maximize potential profits, we have set three take profit levels:
TP-1: 0.61155
TP-2: 0.60965
TP-3: 0.60775
These levels are based on historical support zones and Fibonacci retracement levels, ensuring logical and technically sound exit points.
Conclusion:
The confluence of a Bearish Harmonic Pattern and a Bearish RSI Divergence at a critical resistance area strongly indicates a potential bearish trend for the NZD/USD pair. By following the outlined trade setup, traders can effectively capitalize on this anticipated market movement. Always ensure to manage risk appropriately and adjust stop losses and take profits as the market evolves.
DeGRAM | NZDUSD support is weakeningNZDUSD is trading in a descending channel between the trend lines.
The price continues to hold under the resistance level.
The price has already reached the support three times, but the bounces that followed them decreased each time.
We think that the pair will continue to decline from the resistance level.
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NZDUSD DAILY CHART ANALYSISHello traders, here is a setup of NZDUSD as you can see the price created a falling wedge pattern which signals a bullish reversal and the price has already broken the structure or the pattern so now I will wait for the price to pullback into the resistance zone that will act as support and look for bullish reversal patterns or candle sticks in the support zone.
NZDUSDThe NZD/USD pair has shifted to an uptrend following a breakout from a descending channel pattern. This bullish breakout indicates a potential reversal of the previous downtrend, suggesting increased buying pressure. Traders might see this as an opportunity for long positions, anticipating further upward movement in the currency pair.
NZDUSD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance and then rejects from bullish order block
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NZDUSD BULLISH MONEY HEIST PLAN TO STEAL EVERYTHINGMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of NZD/USD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
NZDUSD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. Potential BEARISH move
! Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗