NZDUSD BUY SETUPPrice didn't continue downside after breaking the support but instead went back upside and break the last LH, which gives us indication that the pair is bullish and has more room to go up.
Another confirmation is that DXY is bearish, so i will be waiting for the restest of the last LH we broke on NZDUSD and buy after a good bullish engulfing candle.
Nzdusdanalysis
NZDUSD Weekly Analysis and OutlookNZDUSD Weekly Analysis and Outlook
This week, the NZDUSD pair has been entrenched in a bearish trend, reflecting a prevailing downward momentum. The recent market activity suggests that this trend may continue, with the pair approaching a critical support zone.
Current Market Overview:
The bearish pressure on NZDUSD indicates strong selling interest, as evidenced by the consistent downward movement. As the pair approaches a key support level, traders should closely monitor the price action for potential breakout scenarios.
Expectations and Potential Scenarios:
Primary Expectation: If the price successfully breaks below the current support zone, we anticipate continued downward momentum. This breakout could signal further declines, with potential to reach lower support levels, providing opportunities for short positions.
Alternative Scenario: Conversely, if the support level holds, there may be a temporary pause or retracement in the bearish trend. Traders should be prepared for this possibility, as it may offer opportunities to reassess positions before the downtrend resumes.
Conclusion:
In summary, the NZDUSD pair remains in a bearish trend, with potential for further declines upon breaking the support zone. Traders should remain vigilant, watching for key breakout signals and adjusting strategies accordingly. Monitoring both bearish continuation and potential corrective scenarios will be essential for effective trading. Stay informed and ready to adapt as market conditions evolve.
By Piptera Digital Soltuions,
Invest Wisely
#NZDUSD: 800+ pips buying opportunity! Buy Big! We have excellent buying opportunity on nzdusd, with accurate risk management we can target 800+ pips buying opportunity!. We are expecting DXY to be bearish and overall we can see price growing strongly. With three take profit targets you can see yourself taking 800+ pips home.
Team Setupsfx_
NZDUSD - Short active !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. I expect bearish price action from here as price can reject from bearish order block + institutional big figure 0.61000. As well we have hidden divergence.
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DeGRAM | NZDUSD correction from the supply zoneNZDUSD is moving in an ascending channel between the trend lines.
The chart has reached the lower boundary and is now under the supply zone.
The price reacted lower on reaching the resistance level coinciding with the 38.2% retracement level.
We expect a correction.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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.
Learn & Earn!
Wave Trader Pro
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