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Nzdusdidea

NZD weakening against the USD - looks a SELL from MARKET .6063Not much dollar strength about but the NZD, one of my favourite SELLING currencies seems to be faltering. For several sessions the BULLS have struggled to force the price past recent highs at .6102 and my specialist indicator is flagging a moderate SELL on this pair. For a risk of 36 pips and a target of 146 pips - this looks a reasonable trade in the current thin market. I'm in at .6063 with a STOP above the high at .6102 and a T.P. at .5920. Easter holidays mean this is a thin trading day so this will be a slow burner with the tempo picking up tomorrow.
Short
by theforexportal
NZDUSD trade ideaPlan : trendline or support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
NZDUSD short trade ideaPlan : key support level breakout --> wait for the price to bounce off from key resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
5
NZDUSD H1 Sell/ShortWe can see a triangle pattern forming on the H1 chart in NZDUSD We can enter in this trade two ways in a short position 1. Entry at Reversal from the trend resistance and see if it breaks downside, if it breaks downside there is a minor support which can push the price up from there, then we will exit the trade with 3% profit and if it breaks the support also then we will exit the trade in Target 2 with 7.50% profit. Stop Loss : 2% Profit Target : 3% < 7.50% 2. This trade will be possible if the price breaks downside the triangle and supported by the Minor support then a retest to the trend support but couldn't break it, then we can enter a short position and exit with 6% profit, in this trade the Stop-Loss should be 0.80% Stop Loss : 0.80% Profit Target : 6% 👍
Short
by tapasdhanadana
1
NZDUSD Long: What if Price Tests $0.63666? Currently NZDUSD is trading few pips above a Great Buy-Zone. A test of this zone increases the chance of price advancing to the upside (when the time is right) to a high in the region of 0.67257. A high target of 0.67257 has chance to get altered only if Price tests lower targets 0.63079, 0.63004, and 0.61853. Other factors that may hinder (or slow-down) achieving 0.67257 Long-term target are existing trend-lines not included here for the purpose of keeping charts less cluttered. Like, Share, Follow, and Support this channel for yet better content. Thank you and happy trading.
Long
by legacyliked