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Nzdusdsell

Is NzdUsd carving the right shoulder?In my previous analysis, I said that I expect NzdUsd to have found a medium-term top above 0.73 and the pair dropped from that zone. More, Kiwi also has broken under the channel's support and, at this point, we can consider the top confirmed. Yesterday the 0.7150 zone offered support and the pair had a new attempt to reconquer 0.72. At this point 0.7240 is resistance and a new leg down could follow. Also, a drop under 0.7150 would confirm a H&S pattern and the target for sellers can be 0.7 important support
Short
by Mihai_Iacob
2
NZDUSD – Will NZD bull finally giveup?I have been bearish on NZD pairs since quite long. However, every time we got rejected the pairs quickly came back up to since this pair has a good correlation with US stock and seems like the FED won’t give up keep pumping it. Eventhough, I still prefer to trade based on technical view and ignore all the fundamental distraction. I have complete faith that sooner or later the price will always go back to its technical side. Now the price has once again reach the top of structure impulsively. In 15M TF, we already got a little rejection followed by what appear to looks like a bearish continuation flag structure. I set a stop order here at the break of this flag structure with SL above the flag. Lets see how far will this pair go this time. Good Luck __________________________________________________________________________________________________________________________________________________________ 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. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
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
Short
by HayatoDragonFX
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.
Short
by Veejahbee
2
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
Short
by Mihai_Iacob
4
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. :-)
Short
by Trading2ez
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
Short
by TradingFleet
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. :-)
Short
by Trading2ez