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Nzdusdsetup

NZDUSD - Monday Full Analysis BreakdownWelcome traders to a free top down analysis breakdown. Today I am highlighting possible trade ares on NZDUSD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
Long
by AlphaTrading-Group
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
US Election - NZDUSD Sell Trade SetupA week of high-volatility ahead of us in the FX market as the US presidential electio n is only a few days away. Sharp and unexpected price movement could happen around the time election results are announced and days after. So stay vigilant and trade safely. As you know I'm a pure technical guy! I don't care what the news says but rely on the pure price action for my trading decision. There is a lot of high-probability setups I'm watching this week but I would like to share the NZDUSD now. After the strong impulsive decline on NU, the price has been trading sideways and it contained within a parallel channel. The upper boundary of the channel has been tested about four times and also rejected a strong S&R level. I will be expecting further weakness on this pair in the days ahead. I will wait for the break of the green line for entry and my stop at red lines for both conservative and aggressive stop placement. What are you looking at this week? Will you be trading? Let me know in the comment Regards, Veejahbee.
Short
by Veejahbee
NZDUSD Trade Plan: Short After Correction is CompletedNZDUSD declines in a five-wave impulse pattern from the red level on the chart. According to Elliot Wave theory, a three-wave retracement follows every impulse move before price resumes in the direction of the impulse. As long as the price stays below the red level on the chart, I will be expecting further decline on NU once we see a decent corrective move. What's your thought on NU? Kindly let me know in the comment. Thank You. Veejahbee.
Short
by Veejahbee
2