Short idea for NZD using ICT MethodWant to see price trade above the PDH then sell off to 6050 level
NZDUSD trade ideas
DOW THEORY - NZDUSD - SHORT series of LH and LL , SL above recent LH and assume it would continue riding trend ( Bullish)
NZDUSD TO TRADE BULLISH!Price trades at 0.60886 level. I anticipate bullish price action to develop away from the current price. Target is 0.62767
NZDUSD Sell ForecastNZDUSD New forecast👨💻👨💻
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
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NZDUSD SellWaiting for the PL to be retest again.
Scared that this might be a moved entry for now. Lets wait if the market reversed again.
You can notice that I have 2 entry setup, which is Sell and BUY.
Sell for now as following the overall trend.
The Buy once the Sell reached TP. as there is a resistance level so expecting reversal.
It might be a huge reversal or just a short reversal.
Adjust your tp based on the time of the entry.As there is NZD CPI news in Wednesday .
NZDUSD Bearish ICTBias Bearish H4
Fundamental Analysis
NZD taking a bearish data trend. USD has been market resistance to bearish market. As CPI still holding strong.
Price Action:
ICT, H4 FVG is tested. Price tested and reject in H1 TF. Price break previous H1 swing low and confirmed a market structure shift towards downside. Price formed a FVG.
Confluence:
Higher TF (W/D/H4) - FVG
Lower TF (H1/M30/M15) - FVG
Set up:
Short trade at H1 FVG
SL at swing high of H1.
TP at H4 swing low R:R 2.5
NZDUSD: Intraday Bearish Confirmation?! 🇳🇿🇺🇸
Last week, I already made a prediction that NZDUSD will keep falling.
Analysing the intraday price action, I spotted a strong bearish confirmation today.
Retesting a recently broken structure, the price formed a head and shoulders pattern.
Its neckline was violated, confirming a local dominance of the sellers.
We can anticipate a down movement at least to 0.6057
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NZDUSD: Bullish Sentiment Backed by Math and History!Why Use Probabilities?
In trading, probabilities help us make informed decisions based on mathematical rules and historical data. By analyzing past price movements and market behavior, we can identify patterns that suggest potential future outcomes.
This approach allows us to assess the probability of reaching Take Profit Levels.
Utilizing probabilities means I'm not just guessing; I'm relying on statistical evidence to position myself effectively in the market. This strategy helps manage risk and increases confidence in my trades, making it easier to navigate the uncertainties of forex trading.
Let's dive in:
12M:
2W:
6H:
NZDUSD (SHORT)USD relative strength is above 50, From our trade plan its critical to only trade USD pairs, USDNZD is leading USD pairs. Betting USD strength to strength across currencies but with a larger magnitude in NZDUSD
USD BANK HOLIDAY TODAY, Trade idea has a hypothetical 50/50 probability of getting executed
NZD/USD Full analysis of NZD/USD
1- There is oversold selling on the MACD indicator
2- The presence of divergence on the RSI indicator
3- The presence of strong demand areas
4- The presence of your hormone model supports purchasing on a 4-hour frame
So we start looking for purchases while committing to capital management
NzdUsd Trade IdeaNU is overall bearish. We ended last week breaking below a solid support level that price had once used in a range. If NU is gonna continue to the downside I would personally want to see price flip from the current level its from before looking to short the pair for a possible 1:3rr. Once shorts come in play we could expect price to create a new lower low which could help secure the 1:3rr. We'll see what happens.
Pullback resistance ahead?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.6127
Why we like it:
There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 0.6172
Why we like it:
There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement.
Take profit: 0.6053
Why we like it:
There is a pullback support level.
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NZD/USD Sellers Will Push for a Major Breakdown !The NZD/USD pair shows signs of potential bearish continuation after a recent pullback from the 0.61179 level. This zone acted as a resistance point where buyers temporarily pushed the price upward but failed to maintain the momentum.
The price is now stalling just below 0.61094, indicating that bearish pressure is starting to outweigh buying interest. If this level holds as a resistance, the pair could break below the key support at 0.61006, triggering a larger move downwards.
The projected bearish path suggests that once the support is broken, the next target would be 0.60861, followed by a further move towards 0.60543, a strong area of support from previous price action. This setup favors sellers in the short-to-medium term, especially if a clear rejection from current levels is confirmed.
Traders should watch for a confirmed break below 0.61006 to initiate short positions, while a sustained move above 0.61179 would invalidate the bearish bias and open room for upside gains.
W Patern on NZD USD - FIB Retracement.As per my technical analysis, it's confirmed that this pair will retrace to my profit target 1 or 2 ( I will closely monitor the price action for the next couple of days to re-confirm my TP level). i have executed my buy entry last Friday on 4 HR chart (3 bar reversal candles). Good luck....
NZDUSD ShortThis is a simple break and retest of the previous support
It has formed a bearish flag pattern
Lookin g for a clean break of the pattern with a target of the next support
Read The NZDUSD MarketLet's Looking at NZDUSD Chart and Decide to What can we do with the Market in next week, Good luck With Your Trades <3
Fresh demand zone in Nzdusd pair.A weekly strong demand zone.Hello everyone, we have identified a fresh demand zone in the NZD/USD pair. The recent move was strong, and the location of this demand zone is quite appealing. You can approach this trade in two ways: either set a buy limit at the weekly demand zone or wait for confirmation before entering. Personally, I use both strategies.
Remember, it's crucial to always practice proper money management, and never trade without setting an appropriate stop-loss. Keep in mind that trading is a game of probabilities, and your success should be evaluated over a series of trades, not just one.
Thanks!
NZDUSD Is Going Down! Short!
Here is our detailed technical review for NZDUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.610.
Considering the today's price action, probabilities will be high to see a movement to 0.605.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZD_USD BEARISH BIAS|SHORT|
✅NZD_USD will soon retest a key resistance level of 0.6140
So I think that the pair will make a pullback
And go down to retest the demand level below at 0.6080
SHORT🔥
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#NZDUSD: On the Way to Yearly High! EURNZD
Price rejected at the major key level at 0.6360, where it had been rejected six times previously, showing a strong hold at that level. Since the price has dropped, we are now expecting a bullish reversal at 0.60. A great entry at that level can get you 700 pips in the long term.
Good luck!
NZDUSD: Bearish Outlook For Next Week Explained 🇳🇿🇺🇸
NZDUSD is retesting a recently broken daily horizontal structure support.
With a high probability, it turned into a resistance.
I will expect a bearish movement from that at least to 0.6 support.
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Nzdusd confirm buy here is a opportunity read the caption The NZDUSD traded above and below the 100-day MA this week but above the 200-day MA (green line) into the mid-week RBNZ rate decision. The central bank cut rates by 50 basis points and that sent the pair below the 61.8% but buyers came in against the 61.8% retracement. The subsequent bounce off the low on Wednesday saw the price move back to the 200-day MA where sellers leaned, putting a lid on the pair.
