Roker1
Short

Trend Continuation Trade on NZDUSD

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hi guys,
this is a trend continuation trade: you can tell this simply by looking at the last price moves. The recent downward movement created a new low in the 4H chart, so we are now setting our mindset in bearish condition for we'd want to hop on the trend as soon as price gives us the opportunity to do so. In this case price has created a double top on the lower timeframe (1h) right at the retest of the support that once broken could become resistance.
Entry at market, stops 2-3 pips above 0,70 round number, first target at the retest of the lows, second target could go all the way down to 0,69.
Let's see how it plays out.

If you want to share your view or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Trade closed: target reached: First target hit! Stops moved to breakeven now.
Comment: Still holding this position.
Trade closed: target reached: Fortunately enough price hit our second target (see above) just before reversing. A bit of luck!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
Any thoughts on this bear continuing beyond its 0.69 support, towards 0.68...?
+1 Reply
Roker1 PRO patelbg2001
Hey @patelbg2001, the daily trend is bearish so i'm expecting at least a test of 0,69 level. Then if it breaks it we can easily go down to 0,68.
Reply
English (UK)
English
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out