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Nzdusdsetup

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)
Short
by maliekevans
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.6456. The pair may start a new down trend if it breaks the support level at 0.6389. The pair is now consolidating in the resistance and support wedges. If the price breaks the support level then it may start a new down trend and its target price will be at 0.6265, the stop loss price will be at 0.6477. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
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.
Short
by TradingAfterCollege
NZD weakening against the USD - looks a SELL from MARKET .6063Not much dollar strength about but the NZD, one of my favourite SELLING currencies seems to be faltering. For several sessions the BULLS have struggled to force the price past recent highs at .6102 and my specialist indicator is flagging a moderate SELL on this pair. For a risk of 36 pips and a target of 146 pips - this looks a reasonable trade in the current thin market. I'm in at .6063 with a STOP above the high at .6102 and a T.P. at .5920. Easter holidays mean this is a thin trading day so this will be a slow burner with the tempo picking up tomorrow.
Short
by theforexportal