Potential long opportunityNU is ranging across, forming a descending triangle. It may still range for a bit longer time, however if DXY gives it a breath, it should fly up very promptly.
Currently it still shows very bullish momentum, although with RSI slighly moving below 50. I expect AU to go back up above 0.72 soon.
The current price level isn't worth me taking the risk as NU may still move to the downside if DXY tends to continue rising higher. But I will try a small lot size considering 0.71320 area has formed a firm support on 4H
Entry: 0.71467
SL: 0.71275
TP: above 0.719
Expected Pips: 20-50 pips
Expected Timeline: 1-2 days
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Disclaimer: Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
Nzdusdlong
NZDUSD - entering the bullish waveHello traders,
Last week the kiwi-dollar has broken out of the longer time frame bullish pattern and now is forming a falling wedge on 15m and 1H time frames.
The bullish pattern after a bullish breakout confirms the bullish trend. Thus there is a good chance to catch up with this wave.
NzdUsd can go higherSince the beginning of October, NzdUsd is trading upwards, with the pair reaching a high of 0.7220
Now the pair is correcting some of the gains and is forming a flag
A break above the resistance should accelerate gains towards 0.73
Buy dips is my strategy
Nzdusd retesting previous resistance to become supportAfter breaking a bullish triangle pattern in bigger timeframe, this pair is now retesting the major resistance which is now to become a support. Excellent risk reward ratio on this pair looking for a long term buy.
$NZDUSD - Bullish flag breakoutHello everyone!
There is bullish flag breakout confirmation for NZDUSD.
Uptrend might continue to 0.768
NZDUSD BUY BIAS WAITING FOR INEFFICIENCY TO GET FILLED NZDUSD just took out a recent high and created some inefficiency areas in the market
i will be waiting for nzdusd to move to the downside to fill in all the inefficiency it created and hits our order block entry level where i will enter the trade
NZDUSDThe New Zealand dollar rallied significantly last week to break above the 0.70 level. The market is forming some type of bullish pennant, or perhaps even a falling wedge. Either way, the market is suggesting that it could break out to the upside. If we can break above the previous week high, then I think that the New Zealand dollar has a high likelihood of looking towards the 0.74 handle. To the downside, the 0.69 level continues offer support.
NZDUSD / 2 ScenariosThis pair could go either way, I dont see this being at a level of resistance to short just yet but it could drop based on the way the current daily candle is forming..
I will wait for price to indicate its direction before entry on this pair
NZDUSD H1 TIMEFRAME ANALYSIS BUYWe consider buying this NZDUSD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
NzdUsd Possible Long!Pair is in the trend channel in 1D TF and it is at the bottom of channel and most likely will move according to channel!
Moreover, it has reacted well at the POI previously and will most likely follow the move according to SMC.
NZDUSD SETUPNZDUSD has broken the bearish trendline and is currently consolidating near a critical area which also happens to be the 61.8% Fib Level. Potential upside can be witnessed if this level sustains. On the flip side if it falls it might retest the trendline again at 0.69000 level.
Incoming bulls | NZDUSDFX:NZDUSD
As it can be inferred from the chart, price is trying to create a cause for redistribution which would lead to the sell stop liquidity grab and a return to order block. Only after this happens do we look for look long positions, that reaction would give us more reasons to hold this trade till TP.
Incoming bulls | NZDUSDFX:NZDUSD
As it can be inferred from the chart, price is trying to create a cause for redistribution which would lead to the sell stop liquidity grab and a return to order block. Only after this happens do we look for look long positions, that reaction would give us more reasons to hold this trade till TP.
NZDUSD ANALYSISNZDUSD Is at a importante level, near a strong support and a 0.618 fib level. If this level holds we can look for entries on a long, aiming for the nearest resistances. If this level breaks we can look for short entries aiming for the nearest supports. Always wait for candles to close to give a clear view of what the market will do. Buyist on the long view.
#NZDUSD is at pivot, potential for bounce!Price is reacting above pivot level at 0.69765, in-line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Price could potentially swing towards resistance at 0.70715, in-line with 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance.
Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level.
Pivot:
0.69765
Why we like it:
50% Fibonacci retracement and 61.8% Fibonacci extension level
1st Support:
0.69450
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level
1st Resistance:
0.70715
61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance
Trading FX & CFDs carries high risk.
NZDUSD long tradeIf you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
NZDUSD long ideaThe way this candle closes will be important.
I will update this as we progress.
If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
LONG NZDUSDLong Kiwi for 300 pips.
Buying this pair is easy money.
Risk- reward is so logical.
So, long this and no panic.
#NZDUSD approaching pivot, potential for bounce!Price is approaching pivot level at 0.69450, in-line with 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support. Price could potentially bounce towards resistance at 0.70575, in-line with 50% Fibonacci retracement , 61.8% Fibonacci extension level and 50MA.
Alternatively, price could potentially drop to support level at 0.68440, in-line with 78.6% Fibonacci retracement level and 127.2% Fibonacci extension level.
Pivot:
0.69450
Why we like it:
61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support
1st Support:
0.68440
78.6% Fibonacci retracement level and 127.2% Fibonacci extension level
1st Resistance:
0.70575
50% Fibonacci retracement , 61.8% Fibonacci extension level and 50MA
Trading FX & CFDs carries high risk.
Bearish outlook on NZDUSDPrices are holding below a key resistance area at 0.7050 in line with the 38.2% Fibonacci retracement where pullback to test this area presents an opportunity to play the drop. A break below the support area at 0.7020 could see price push lower, with the next support target at 0.6980.
#NZDUSD is at pivot, potential for bounce!Price is reacting on pivot level at 0.70115 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA. Price could potentially swing towards resistance at 0.70850, in-line with 50% Fibonacci retracement, 61.8% Fibonacci extension level and 50MA. Stochastic is also at support where previous bounces occurred.
Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level.
Pivot:
0.70115
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA
1st Support:
0.69450
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level
1st Resistance:
0.70850
50% Fibonacci retracement, 61.8% Fibonacci extension level and 50 MA
Trading FX & CFDs carries high risk.
