Nzdusdlong
🐂NZD/USD LONGNZD/USD has broken areas of resistance on the daily chart.
We also see an invers head and shoulders on the weekly chart, signifying a bullish take over.
Price broke and retested the major support at 0.68700, and we should only sell once this level is broken.
Price is now forming what appears to be a bullish continuation pattern.
We should look for out first entries at the supporting trendline when market structure signifies bullish continuations, targets at the resistance above.
Second entries when the bugger resistance above is broken
OANDA:NZDUSD
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
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