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Nzdusdtradingidea
NZDUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZD/USD Sell Below 0.6570, Next Target 0.6400NZD/USD Sell Stop @0.6570
SL: 0.6770
TP1: 0.6400
TP2: 0.6170
NZDUSD: Trend Continuation on Consolidation? With the NZDUSD pair crossing below the 100 MA and 200MA but consolidation within an upward channel(blue lines), with evident more pressure towards the breakout to a full bearish bias. Waiting for the market to play out of the channel will provide clearer insight as to its direction.
NZDUSD TRADE IDEANZDUSD - looks like short-term down (30-50 pips), then up, but let's see..
Price gets rejected from the H4 resistance level, which can send the price back to the H4 support level(s) - 0.6800, where I'll be looking for long opportunity.
If price (directly) break above the resistance level, I'll be looking to take a long above 0.6850 with 1st target 0.6900, then I'll be make my setups to wait for TP2 0.6950 (moving stops and booking some profits) and 0.7050 as a main targets.
Even I can took a small short on H4, not to make money, but for fun (pips hunting, and not for making money).
NZDUSD SELL 0.6833
SL 0.6853
TP 0.6803
NZDUSD BUY AT 0.6800 (or earlier if price get rejected before hitting 0.6800 on H4/ H1)
SL (probably) 0.6750 (I will set the SL when (if) I have clear buy on H4)
TP 0.6840
TP2 0.6880
TP3 0.6950 (main target)
NZUSD BUY ABOVE 0.6850 (if price goes directly up above the resistance)
SL BELOW the candle that breaks the 0.6850 level
TPs are the same
It's my trading plan. I will make it more clear probably on Monday around London or US open, it depends :)
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