Nzdusdlong
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 4H timeframe perspective, so I am looking for longs. My point of interest is if price makes a retracement to fill the imbalance lower and to reject from bullish order block.
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NZDUSD, Bull market trade ideaInvest in success and read this text.
The Pair of the week is NZDUSD, which is currently in a bullish market. Price has been fluctuating and now has finally broke a key supply/demand area and now has rejected at a key 4hr level @0.62361. Price is now projected to pullback into the 0.62032 area. Once price rejects in this area, look to take long positions to the next 4hr supply/demand zone @0.62673.
Please do not hesitate to leave questions, comments, and concerns. If anyone has a similar Setup please share or comment.
20 Reasons for Buy NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: A completely bearish trend is in place. The last low was created in 2001, followed by a BOS (Breakout of Structure) that occurred in 2011. The market then entered a correction phase and formed a valid lowest level in 2020 with a big hammer and heavy volume. This indicates that the market may have formed a higher low and could potentially continue its bullish journey. Currently, the market is making an inside hammer move and coming down for a liquidity grab. Price has reached an extreme level, and if we closely observe, we'll notice that each candle has lower-side wicks.
2:📆Monthly: Despite the overall bearish trend, there is a valid low formed, and at that low point, there is a significant volume which indicates a strong buying area. If we look at the closing of November 2022, there is a big doji candle followed by big bullish momentum moves. The current month's candle also shows a similar character.
3:📅Weekly: A triangle pattern is forming, and it has almost narrowed down according to the timeframe or the triangle's nature. If we check the ratio of bullish and bearish candles from the last low to the current candle, we can clearly observe powerful bulls in control. The internal structure forms a bearish CHOCH, but it immediately creates a fakeout, turning the bearish CHOCH into a bullish pattern. Take this into consideration.
4:🕛Daily: Price has taken an inducement and is now following recent order flow. The last valid low is at the same level, and prices have been moving sideways from this point, forming a triangle. The breakout of this triangle will define the next move of the market, and there is a possibility of an upside breakout.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish to sideways, corrective move completed with a valid low and demand area.
6: 2 Pattern Candle Chart: Headfake chart, triangle, LH (Lower High), momentum candle.
7: 3 Volume: High volume at the lower high indicates a signal of profit booking. After heavy volume, prices have not gone further down, instead moving upside.
8: 4 Momentum UNCONVENTIONAL RSI: Sideways but in the bullish zone.
9: 5 Volatility measure Bollinger Bands: The bands are in a full squeeze, and the breakout of the squeeze will finalize the entry. If it breaks upside, take a long position immediately.
10: 6 Strength ADX: Sideways.
11: 7 Sentiment ROC: USD is weak, and NZD is strong.
✔️ Entry Time Frame: H4
12: Entry TF Structure: Bullish CHOCH.
13: Entry Move: Impulsive.
14: Support Resistance Base: Trendline breakout.
15: FIB: Activated on the daily timeframe.
☑️ Final comments: Buy at the breakout.
16: 💡Decision: Buy.
17: 🚀Entry: 0.6232.
18: ✋Stop Loss: 0.6168.
19: 🎯Take Profit: 0.6466.
20: 😊Risk to Reward Ratio: 1:2.
🕛 Expected Duration: 20 days.
NZDUSD: another bullish leg?From a technical point of view, another bullish leg is possible on intraday chart.
If this does not happen, it means that the structure in play is corrective (ABC Pattern).
Two potential Targets: The first is the return to the previous Top, the second around 0.6280 area. Stop with wave 1 failure.
Trade with care!
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Cheers!
NZDUSD - Risky short ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: After the change of character here we could see price to start bearish price action. As well, we have as confirmations that price filled the imbalance and rejected from bearish order block.
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NZDUSD - Still bearish ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are still bearish, so I am looking to add short position. I see price to continue the retracement to fill the imbalances higher and then to reject from bearish order block.
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Bullish setup on NZDUSDKiwi came down last week but in three waves which is a nice bullish pattern when looking at the intraday chart. Ideally, this market will rally this week, not only technical, but buyers can be also seen after China said that they are willing to push trade development with New Zealand.
NZDUSD Long Term Trading IdeaHello Traders
In This Chart NZDUSD DAILLY Forex Forecast By World of Forex
today NZDUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
NZDUSD LONGAnticipating a potential upward movement, NZDUSD shows signs of a potential up move towards the main target of 0.63303, with the current price at 0.62301. The first take profit (TP) level is projected around 0.62807. Patience is crucial in navigating the market dynamics and managing the trade effectively.
Hellena | NZD/USD (4H): wave 5 endingDear colleagues, the price is currently within a triangle pattern and completing wave 5. I anticipate the price will reach the support area within the triangle and then complete wave 5 at the area of 0.62924!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: As I expected in my previous analysis, price made a retracement and filled that huge imbalance, now I expect bearish price action as price rejected from 4H bearish order block from premium market zone.
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NZDUSD to find buyers at previous support?NZDUSD - 24h
Previous support located at 0.6050. Previous resistance located at 0.6100. Price continues to trade within the triangle formation. Risk/Reward would be poor to call a buy from current levels. A move through 0.6100 will confirm the bullish momentum.
We look to Buy at 0.6040 (stop at 0.6016)
Our profit targets will be 0.6100 and 0.6115
Resistance: 0.6100 / 0.6150 / 0.6175
Support: 0.6050 / 0.6025 / 0.6000
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