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Nzdusdlong

NZDUSD Potential Long into 0.71250 (extended target)Top-down analysis Monthly - Previous monthly candlestick closure, Doji candlestick ( Potential ranging inside the doji) Weekly - Previous weekly candlestick closure, Long wick closure upside and also not correlated in Daily timeframe Daily - Made a higher high and a momentum ( but not a great momentum due to weekly candlestick closure) Potential movement next week might be going lower a big to get some liquidity to continue upside farther. Confluences for Upside movement; a. FIB 78.6% b. Minor key level c. Daily market structure
Long
by Chiguuu
NZD/USD Technical Analysis.Hello traders, NZD/USD is trading at 0.7003. The price is moving in a upward resistance and support wedges, after touching resistance level it is giving a small pull back but soon price can break its resistance level to continue its upward trend. The entry price for the pair is at 0.7020, 1st target is at 0.7053 and 2nd target at 0.7091. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
NZDUSD AnalysisPrice formed an order block (after Manipulation) at a retail resistance zone and, and made an impulse move in favour of the bears. We see that the slope of the down trend has changed signaling a change in momentum, to a more smoother trend. Whilst at this, price seems to be forming a bullish falling wedge (this pattern signals an imminent reversal to the upside if it appears in a downtrend). When making a further analysis into the wedge, we see that price has already given us 2 touches to the resistance trendline. Of which I believe, the current bullish movement is intended to give the third touch then drop to give us the third touch on our support trendline, which will be followed by an impulse that will break the wedge to the upside. Note that the second touch on the support trendline gave us another Order block. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial. #Trade_Like_A_Magnate
Long
by Magnatrio
NZDUSD: Bull Run Before Plunge.Hello fellow risk-takers! An interesting idea is in the works on NZDUSD. The pair is, overall, still bearish despite the consolidation and the high-probability for bull-run. My assessment concludes that the pair should heavily go down again but not before a deep bullish retracement could happen. In other words, to continue down, the pair needs a vital momentum and this particular momentum seems present at the shaded are of Supply & Demand Imbalance. Although buying opportunity is present, the selling opportunity is less risky, more probable with high risk-reward ratio. There is a high probability that price will play out as indicated on the chart. Happy Trading ______ *This information is for entertainment purposes only and shouldn't be construed as investment advice.
Long
by UnknownUnicorn9837669
NZD/USD BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Wasn`t quick enough to post in time but maybe you can use it for anotehr entry or with the pullback! Notice: This is a beta-version of my new system! Please trade it only if you agree and with a decent risk! ALL TRADES risky ahead FOMC! NZD/USD: Daytrade-Preparation Market-Buy: 0.69615 Stop-Loss: 0.69500 Point of Risk-Reduction: 0.69780 Take-Profit: 0.70050 Stop-Loss: 11 pips Risk: 0,5% -1% Risk-Reward: 4,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
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