Trade now active! Trade entry based on a price point where price action needs to make a higher high. Considering the bearish slow down I believe this one will go up till the R zone around 0.90980. This gives a nice trade setup for 1:2+ RR
When there market creates a new lower low, you can take a short trade till 0.5 fib zone for about a 1:2 RR
If it makes a new higher high around the 162.5 price area, a long trade opens up for a 1:2.1 RR up until 165.1
NZDUSD will hit for a third time the 0.687 price zone. Considering past price action it looks like it is loading up for a break of this price beyond and make a new higher high. Wait for the signal candle, when it catches momentum, see price to go to the next major R zone around 0.687 for a good 1:3 RR trade.
If the trend line holds, we could see a short move down to the 111 - 111.2 zone where it meets with another trend line (to be tested again) and major price level.
I think we'll likely see a bull flag occurring around the 0.618 Fib zone where it will at least make a move up till the 0.886 Fib zone where it meets with a previous trend line. Possible long trade here when it moves up.
Lots of EUR and USD related news coming this next trading week(!) Considering past behavior likely a heavy buying R zone will be hit, then it will retrace back to the 0.786 Fib zone because of bull flag forming with previous trend line. (Depending on news and sentiment) We can see a further move up to the 0.5 Fib zone.
This is likely a harmonic pattern forming, when the price reaches below the 50 SMA, put a short order and ride it till the S1 pivot point, the previous low
After the third touch a retracement followed to the downside and I expect it to hit the channel for resistance around the fib 0.236 level and then move long towards the next fib level at around the 127.8 price level
Long term Long after Retest of a strong support and resistance zone. It will then bounce up to the next strong S/R zone. After which it is likely to breach the Resistance line to create a higher high past 132.2
Long term trend is long, Possibly see a short term short towards the fib 0.786 level where it will bounce to go Long. Or the 1.16 level will be used for a further correction down towards fib 0.618 and the bounce upwards from there..
Converging channels create a bull flag to go long and test the strong channel (red) once again.
Bull channel for short term trades on 5 or 15 minute at least till the SMA200 line which is about a 50% fib retracement of previous high
Bearish move till 0.5 fib level where it will retest previous highs. Then we can see a move up to retest the R at 129.5