NZDUSD Are we failing to continue higher?Hi Traders,
NZDUSD had continued to create bearish price action which trapped a few traders (including myself) of going short when it just wasn't ready.. instead it created a new high and I believe it is almost exhausted to push higher. Looking for an impulse push down followed by a correction before looking for another entry.
What's your view on this pair? Share a comment below and let me know.
Trade safe, follow your trading plan!
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Nzdusdtrade
NZDJPY TO BREAKOUT SOON?Since the consolidation from Feb 15, this pair has not been so good to look at. Price is stuck in a range, but we might see a breakout soon.
Price just bounced off the support area of the range at 76.700 and this could propel the breakout.
I'm waiting patiently to see uptrend continuations back into play, so that I can continue to take Long positions.
Price Action Lesson: The Basics of How to Read Price Part 3Hey Guys!
As you guys know I aborted 2 short entries on the NZD/USD pair yesterday to minimize my losses.
In this lesson, I'll explain how I knew to abort the short entries early by reading 1 minute price action and thus minimize the loss.
Enjoy!
Have a great day!
Ken
NZD/USD Short Entry UpdateHey Guys!
The current Daily Bias is short. Or in other words, price is likely to reach 0.6592 before reaching 0.6732.
As you guys know I took a short entry on last Friday at 0.6722 with a stop loss at 0.6732. with the main target at 0.6592.
Today I took a 2nd short entry at 0.6715 with the same risk parameters as the initial short entry.
But remember! Due this daily short bias being a little shaky, I may take targets early at the first sign of impeding short term long strength.
Again, this Daily short bias does seem a little shaky. Thus, any short term long strength forming will signal an abort for me.
I'll keep you guys updated!
That's it!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
NZD/USD Short EntryHey Guys!
The current Daily Bias is short. Or in other words, price is likely to reach 0.6592 before reaching 0.6732.
So I took a short entry at 0.6722 with a stop loss at 0.6732. The main target is at 0.6592, however, due this daily short bias being a little shaky, I may take targets early at the first sign of impeding short term long strength.
Again, this Daily short bias does seem a little shaky. Thus, any short term long strength forming will signal an abort for me.
That's it!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
NZD/USD 4HR SELL SET UPHi TRADERS this is my trade set up for the NZD/USD
NZD/USD Is coming in to a area of interest, we have a nice rejection zone, possible head and shoulders forming looking for sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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NZDUSD | The best scenario for climbing🔥Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In the count we had and in our opinion we are dealing with a leading pattern.
This pattern has definitely formed its 1st, 2nd and 3rd waves, and now we doubt the beginning of wave 5 and the end of wave 4.
Wave 4 lasted longer than everyone expected because its structure is complex and relatively normal.
In general, we give the probability of starting the next wave, ie wave 5, and we think that this recent ascent is related to the microwave 1 of wave 5, and its correction is related to wave 2, which again makes it probable that more correction will take place.
Now we are waiting for wave 3, which is confirmed by breaking the trend line and other conditions.
If the end of the previous wave is broken, we will conclude that wave 4 is not over yet.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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NZDUSD| Double BottomNZDUSD after giving a breakout from falling parallel channel (We hit our target price as well). The price has retrace back and formed double bottom. We are expecting bounce from here and one can take long position from here, the stoploss should be below the support zone. To negate this view, the support has to be taken out and bears will enter the party. Trade your levels accordingly.
NZD/USD SELL IDEAhey tradomaniacs,
welcome to another free trading.setup.
Notice: This is meant to be a preparation. As always we will have to wait for a confirmation!
NZD/USD: Daytrade-Preparation
Market-Sell: 0.66680
Stop-Loss: 0.66830
Point of Risk-Reduction: 0.66560
Take-Profit: 0.65920
Stop-Loss: 15 pips
Risk: 0,5% -1%
Risk-Reward: 5,0
Always add your brokers spread to the stop-loss!
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Peace and good trades
Irasor
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Price action still looking like a SELLHi Traders,
USD pairs haven't really shown much development for high probable positions yet, however they still are moving within corrective structures which in my opinion are forming the next impulsive phase.
Until I see more bearish price action, I will sit aside and wait for the perfect entry.
What's your thoughts on USD pairs?
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Trade Safe !
NzdUsd- First up, then down to 0.65After a recent low of around 0.6550, NzdUsd has started to recover and now is trading 100 pips above this newly formed support.
The trend for this pair si down and at this point, we can be in the middle of an ABC type correction.
Above 0.67 is strong resistance and traders can look to sell in that zone for a good R:R trade