Nzdusdsell
NZDUSD - FOREX - 08. JUNE. 2021Welcome to our weekly trade setup ( NZDUSD )!
-
1 HOUR
Bearish turnover in smaller tfs.
4 HOUR
Overall bearish market structure with a strong pullback.
DAILY
Good short entries and price action.
-
FOREX SETUP
SELL NZDUSD
ENTRY LEVEL @ 0.72280
SL @ 0.72790
TP @ 0.71440
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
NZD/USD sell opportunity after RBNZ induced spikeNZD/USD has spiked up after the RBNZ meeting. Market participants
reacted positively initially and hence, NZD/USD has spiked up to the resistance
level.
However, the spike may be faded very soon. Price has reached a strong resistance
level and it seems like the bulls might not be able to break it.
So, based on bearish price action, sell NZD/USD@0.7301-0.7320 with SL above
0.7350 and TP at 0.7180
NzdUsd- 0.68 is my medium term targetFor a month now NzdUsd is consolidating in a tight 100 pips range.
A break of this range is inevitable and the pair should find a clear direction afterwords.
In my opinion, this break will be to the downside and I'm considering 0.68 as a medium-term target for short trades.
A clear break above 0.73 would negate my bearish bias
NzdUsd- Big drop aheadIn my opinion, a big drop for NzdUsd is just around the corner.
The rise from 0.7 is clearly corrective in nature and 0.73 seems very strong resistance and bears are strong before that figure.
A break under the trend line would confirm my outlook and I expect at least 0.7 to be reached sooner rather than later.
Of course, a close above 0.73 would negate this bearish scenario
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart.
In the weekly timeframe , we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle.
so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective.
#nzdusd #nzdusdtoday #nzdusdanalysis
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart.
In the weekly timeframe, we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle.
so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective.
#nzdusd #nzdusdtoday #nzdusdanalysis
NZD/USD sell set-up after bearish candle in supply areaNZD/USD has printed a bearish candle on the daily chart.
The bearish candle has formed at the supply zone. So, the chances of further drop
can not be ruled out.
If the bearish price action in the lower time frames continue , then selling
NZDUSD@0.7270-0.7304 with SL above 0.7735 and TP at 0.7150 would be a possible
sell signal.