Nzdusdsell
NZDUSD, 4hr tf, sell ascending trendline breakHello my friends,
Before i start with today trade ideas, let's review some of the trade i took yesterday.
There were 2 trade ideas i shared which are GBPAUD and GBPCAD sell positions.
Both trades now closed with a nice profits.
First trade is GBPAUD which i closed manually for +210 pips and banked 3.5R yielding 7% profit
Second trade is GBPCAD which i closed manually as well for +220 pips and banked 3.6R yielding 7.2% profit
For today i am going to sell NZDUSD because i think this pair could have some retracement retesting 0.6940 area.
The reason why is because price already broken below the ascending trendline and stopped making higher high.
This recent movement could be a lower high and might be followed by a lower low.
If you see the last daily candle close, it is also very clear that it was a bearish pinbar so we could see sellers step in to push price down.
Sell NZDUSD 0.7065
Stop loss 0.7105
Take profit 0.6945 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
NZDUSD BEARISH TRADE ANALYSISNZDUSD has completed a five-wave impulse move on the higher degree and a three-wave correction is expected to follow an impulse move according to the EW principle.
The reversal is already in place as the price is making i-ii, (1)-(2) wave sequence. This kind of structure usually leads to a strong impulse decline in wave (3) of iii.
Trade Plan:
1. Wait for the break of the green line for sell confirmation
2. The trade setup will be invalidated if the price breaches the red line, so we have our Stop Loss there.
Do you want to learn how to spot this kind of setup? Kindly send me a DM.
Best of luck on the chart,
Veejahbee.
NzdUsd- 0.71 is very strong resistanceI'm sure of a lot of you, and I included, was wondering when NzdUsd bull run will end...
And now it can be it.
After the first touch of 0.71 and a drop, Kiwi had a new attempt yesterday to rise above and reversed violently putting in a strong long-tailed reversal candle on our daily chart.
At this moment rallies should be well capped at 0.71 and possible corrections of yesterday's drop could be a good opportunity for bears.
A drop under 0.7 should accelerate losses and 0.68 could be a good place to book profits
NZD/USD could FALL AGAIN!Hey tradomaniacs,
NZD/USD showing a great fakeout?
Previous approach to break through the key-resistance failed as the stockmarket suffers from a lack of bullish continuation which is giving the US-DOLLAR more strenght.
A retest and rejection of the resistance-zone could give us a great short-opportunity as soon as confirmed!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Forex Forecasts: NZDUSD an opportunity to Sell After the strong rise of the NEW ZEALAND DOLLAR / U.S. DOLLAR pair, due to the big push that the dollar experienced against most of the major currencies.
The correction started after the reversal candle on the weekly frame, which actually supports the presence of a down correction.
In the short term, the pair was able to break an ascending channel on the hourly frame, as well as forming a head and shoulders reversal pattern, and was able to break the neckline.
A retest of the neckline and a broken ascending channel is a good opportunity to sell from 0.7028.
Goals, respectively, 0.6902 and 0.6814
NZDUSD Can Fall From HereHi Traders,
I have short idea of NZDUSD on the mentioned confluences.
Good Luck
NZDUSD Sell setupNZDUSD sell opportunity on H4 timeframe
wait until a momentum candle close under our last swing standing and enter a sell trade
NZD/USD SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
NZD/USD: Daytrade-Preparation
Market-Sell: 0,70545
Stop-Loss: 0,70725
Point-Of-Risk-Reduction: 0,70420
Take-Profit: 0,70255
Stop-Loss: 18 pips
Risk: 0,5% - 1%
Risk-Reward: 1,70
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NzdUsd- will it finally correct?The combination of weak usd, strong Nzd brought NzdUsd well above 0.7.
The rise from 0.68 is in a rising wedge though, signaling the loss of power.
Yesterday we have a spike above 0.71, quickly reversed, and this time we can have a top in place, at least for short term
A break under short term support 0.7050) would be confirmation for incoming correction and NzdUsd could fall to the bottom of the pattern
NZD/USD could DROP soon!Hey tradomaniacs,
NZD/USD is currently forming a potential Double-Top-Pattern after an attempt to break above the monthly key-resistance.
The DAILY RSI is showing an completly overbought situation causing NZD/USD to consolidate with a weaker performance compared to its competitor AUD/USD.
A break below the 50 EMA, Trendline and horizontal support-zone could cause more momentum to the downside and give us a great opportunity to short.
A risk-off-sentiment in the stockmarket woulde confirm this idea in terms of correlations.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NZD/USD Technical Analysis
The counter has been in a strong uptrend in the long-term charts.
In the short-term charts, it is moving up in an ascending channel.
Further, it is currently at the lower parallel and hence it's a good time to go long.
NZDUSD – Speculative short entry worth to tryNZDUSD has been moving up in a very corrective manner over the last several weeks. Its no secret that from the beginning, when this pair reach the top rea of daily ascending-channel structure, I’ve always been looking for a sell setup.
However, this pair never give me the confirmation to trigger a short entry, instead it keeps moving up inch by inch with little / no momentum at all.
Actually, in a time like this we need a bit confirmation by waiting for at a rejection impulsively to the downside (At leash in H1 / H4 TF) and waiting for the break 1 st bearish continuation pattern to confirm the move to the downside.
However, this time I choose to take a speculative sell entry at the top before waiting for the confirmation. Its because I see te price is in the top of multi TF corrective ascending channel / Rising wedge right now and even reaching this area with structural approach in Lower TF. I will take a short entry here right now with 30 pips sl at 0.70700 while risking only 1 % of my account on this trade.
I think this trade is worth to try, considering how big the risk reward ratio of this trade is and still so much potential to the downside even in the long run..
Lets see how will this pair plays out. Good Luck
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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NzdUsd- Correction is inevitable at this pointSince its 0.65 zone recent low, Kiwi had quite a run up with the pair gaining around 8% (which is a lot in terms of currency)
Now the pair looks tired with new highs marginal and making a rising wedge
I believe we will have a correction sooner rather than later and I'm looking to sell this pair
NZDUSD SELL OPPERTUNITYLooking at NZDUSD a potential sell opportunity.
Price has undoubtable shot up over recent weeks for NZDUSD. In fact, price hasn't reached the current heights since June 2018!
The Relative Strength Indicator (RSI) is showing us the market has been overbought.
We can also see the Ascending Trend which has the potential to break. Therefore, I will be opening a 'Sell Stop' trade. If price hits the 0.69946 my position will automatically open and I will have the Take Profits set as per my chart.
SL: 68 pips
TP1: 41 pips
TP2: 108 pips
Risk to Reward Ratio: 1.55
Remember to LIKE, COMMENT and FOLLOW for more trade ideas!
@newgenforex on all social media platforms :-)
NZDUSD SHORT - PRICE HAS JUST REACHED A KEY WEEKLY LEVEL!Price has been moving in a corrective ascending channel on the daily chart and is now testing a strong level of weekly resistance. NZDUSD has been in this channel for a few months now and has just reached the upper trend line of the channel for a 3rd test. Whit this test price has shown us good signs of rejection on the H4 timeframe and a possible swing to test the previous daily level (blue line below price) is looking likely and if we see a break through that level we could see a longer swing to reach the lower trend line of the daily channel.
NZDUSD to Sell/FallAccording to my analysis, There is a high probability that NZDUSD is going for a sell. Judging by my above analysis, NZDUSD has touched and crossed the resistance line. Let's be on a look out for this.
