What do you think will NZDUSD go long?Here are the reasons why I think it might go long.
1. Creates new higher high
2. Retraced to 0.618 Fib Level
3. Touches 3 times on the trendline
4. Stoch RSI is trying to exit the oversold area
5. Upward trend in the higher timeframe
Let me know your idea in the comments below
Nzdusdlong
NZDUSD LONG - Buy Entry - H4 ChartNZDUSD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: NZDUSD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Resistance @ 0.71561
Pivot Point Yearly @ 0.70035
Resistance @ 0.69774
Support @ 0.69142
Support @ 0.68767
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NZDUSDWe must observe the price movement in the lower time frame and search for the buy option as the NZDUSD price broke the structure and is currently retesting.
It's a good idea to swap. Just remember to control your risk, as prices might swing in the opposite direction. WAIT for turn into bullish environment iin 4hour
🐂NZD/USD LONGNZD/USD had been in an uptrend on the daily chart.
Price started to correct deeply and no that correction seems to have finished of with an inverse head and shoulders.
To add to this, the Elliot wave sequence has completed for this correction and we can expect a reversal of it, hence a continuation to the upside.
Price broke the neckline of the Inverse Head and Shoulders and now is giving us a bullish continuation pattern right below key resistance.
This signifies a break out build up.
We should expect price to break soon but it can come down and then later go up, I'm sticking to longs for now.
We should long when price breaks the resistance and target the price marked in green
OANDA:NZDUSD
NZDUSD | BEARS CAN ATTACKNZDUSD has been trading in bullish parallel channel and recently gave a breakout from 0.68700 area but we have a bearish divergence on the chart.
It has overhead resistance of 0.69250 where price action can limit further upside
Trade your levels accordingly.
Let me know what do you think in comment sections
NZD/USD Long Entry UpdateHey Guys!
As you guys know, I took a long entry yesterday at at 0.6786 with a stop loss at 0.6774 and its main target at 0.6925.
However, last night I aborted the entire short entry at 0.6798 for 15m short strength was kicking back in .
Moreover, the daily bias for the time being is still long in my opinion. However, the nzdusd's daily bias is changing its mind by the day.
Since this mind changing is indicative of volatile markets, lets trade with care.
That's it! I'll let you know when I take another trade on this pair!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
NZD/USD Long EntryHey Guys!
Wild markets! As you guys know, I aborted the previous short entry 2 days ago for a small profit and just took a long entry several minutes ago at 0.6786 with a stop loss at 0.6774 and its main target at 0.6925.
This video explains the reasoning behind this long entry as well as key trade management I plan to implement.
Again, there is volatility in on this pair, so I'll keep you guys updated for any changes in trade management.
That's it! Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
NZDUSD LONG - Buy Entry - H4 ChartNZDUSD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: NZDUSD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 0.68066
Support @ 0.67271
NZDUSD | The best area for correction♻️Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In the count we had, and in our opinion we are dealing with a leading pattern, this pattern has definitely formed its waves 1, 2 and 3, and now we doubt the beginning of wave 5 and the end of wave 4.
Wave 4 has lasted longer than expected because its structure is complex
And is relatively normal.
In general, we give the probability of starting the next wave, that is, the beginning of wave 5.
In our opinion, all this recent ascent is related to a wave 1 of wave 5, and we are waiting for the correction for wave 2 at the specified point.
If this correction is confirmed if the trend line is broken downwards, this correction may end at its maximum point of 0.6500.
If the specified Fibonacci range is broken upwards, correction may be made on the upper side of the orange channel.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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