Nzdusdsell
NZDUSD swingSo many confluences to make me go short on this, third tap on the inner structure trend line with the possibility for a retest on the outer trend line, trading at a key resistance area and at the .786 fib retracement. Will be shorting at a retest of the fib or the trend line. if it gets there corrective it will only add more confluence to go short. Will be targeting the low of the wick as wicks needs to be filled for a target of 1200 pips, then to either of the two fib extensions after that. This is a swing trade so going to be holding this trade for a while upon entry
NZD/USD Big Sell, TP 400 pips, low risk set-upIn the weekly chart, NZD/USD is unable to break the 100week Exponential Moving Average.
The down trend line is also stopping the Bulls from pushing the price higher.
It looks like the bears will step in very soon and push the price lower. Selling between 0.6460-.6580 is a good idea with initial target at 0.6150.
SL can be placed above the resistance area.
NZD/USD Price Outlook: Is the pullback period over?For more than a week, NZD/USD is in a pullback + consolidation phase. But, it looks like the pullback phase is about to end very soon. The direction of the next movement will be determined by trader's reaction at this key level.
If bulls can defend the 0.64 level, then the next direction will be upwards towards 0.66.
NZDUSD Sell SetupEnjoy a free signal before the week gets started
Feedback, Likes, comments, and shares would be appreciated.
We have reached a major daily s/r area where market historically has had steep reversals
This would be a great opportunity to catch the trend reversal
Also we have 2 major monthly downtrend and uptrend lines colliding
Market has respected the monthly downtrend line, soon as it reached we saw a rejection twice
then market fell below the monthly uptrend line, came back up to retest and saw a rejection
We have broke and closed below the 12hr uptrend line
I want to to market go up and test my major 3hr s/r area
Currently we are just waiting for the best entry our chances look good.
NZDUSD FX:NZDUSD
Sell Limit: 0.6500 (Best entry takes the most patience)
Stop loss: 0.6560 (60 pips risk)
Take profit: 0.6275 (225 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 3.75 (225/60)
Sell Stop: 0.6465 (Only when market goes above this price will you be able to execute this order or you can use a sell limit)
Stop loss: 0.6560 (95 pips risk)
Take profit: 0.6275 (190 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 2.00 (190/95)
NZDUSD SHORTThe US dollar has been making a slow recovery, especially if you look at the DXY. A lot of my USD pairs I'm in short this week. Anyways, This pair has impulsed down and making a flag formation, it could either go up or down. On the daily it looks like the formation of a morning star to the upside. If it does will be looking for a short at the triple top area on the horizontal ray. Will be taking that trade if it correctively gets there, if it impulses with high momentum, I will be sitting on my hands waiting for another set up. The more probable move is the continuous bear flag formation where ill be taking a trade at the top of the trend line either on the 2nd or 3rd tap, depending how it moves for the impulsive downside move.
NZD/USD could move DOWNHey tradomaniacs,
looking at the key-levels of NZD/USD it looks like we are finding a decent rejection.
If the weekly-candly closes below the resistance-zone and Trendline we could see at least another pullback down in order to see a healthy trend upwards.
Still concerning is the current fundamental situation which is in fact more than chaoctic.
The real economy does not look as good as the stock-market prices in and Jerome Powel recently clearly emphasized that the recovery of the economy would take longer than the market expects. (V-Shape).
Now this divergence between the real market and the stockmarket is more than alarming and we can expect to see another risk-off-sentiment as this is a typical "housewife" market every retailer wants to be invested in, which is obviously taking out liquidity for the big players to go long or even providing liquidity for the short-stacking algos. #FEDBUBBLE
A risk-off-sentiment would cause a drop of NZD aswell as AUD.
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Peace and good trades
Irasor
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sell at 0.6432 with 2 take profit in 24-48h max1 overbought much
2 rsi bearish divergence in 2-3 time frame and she is long
3 indices are upà and need a correction (that includ'e aud and nzd down as all timer in small risk off coming)
4 up so mpuch during 2 week
5 under big resistance and 0.6500 are a psy level
NZD/USD Price Outlook and Trading PlanUS Dollar weakness across the board and positive market sentiment has given the NZD/USD bulls opportunity to continue the uptrend.
I have explained the possibility of a weak USD Cycle over the next few years in my EUR/USD market commentary.
This gives opportunity to high-beta currencies like New Zealand Dollar, Australian Dollar and other EM currencies to appreciate against the US dollar.
So, buying the dips is preferred while trading NZDUSD. 0.6450 is a short-term target for the NZDUSD bulls and 0.6750 also remains a possibility.