Zeheart

Strong Resistance Level @ 0.8475 - Limited Up Move due to OB

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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Looking at the current NU chart, Although there are 2 Possible Pin Bars which both Rejects Both the EMAs and also rejecting the current support level at 0.8393. It seems to be possible Long Entry. But the next Resistance level is found @ level 0.8475 (this could be a possible reversal point as can see from the previous price movement). This level could be a possible chance to look for Short Entry if it holds well.

A long entry on this pair is not that not possible to have, if Monday's Bar retraces back to 50% of Retracement level of Friday's Bar, it could be a possible entry which may yield a possible of about 1:2 R:R.

Cheers! =)

Comments

I think market waiting China's Trade Balance in 1 minute! there are plenty of reason to short on ur level
1. Double top, channel fib 161.8 on meta4 ( found 5 reversals from the history ) , fib 78.6 on daily chart. Hope so! inshaa'Allah
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Zeheart Fiboholic
Nice!! God Bless thn =)
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by the way ..i'm sis not bro...lol, my 2 cent view target maybe can reach 0.8368. I will wait ur chart ha ha..since i like ur chart a lot xD. Ok good luck for us ..aamiin
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Zeheart Fiboholic
Oops.. Sorry Sis! =P.. By the way I shorted AU together with NU as well.. My target for NU is about the same as yours.. which is around 8347 =) Cheers!!
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Zeheart Fiboholic


Sharing my idea with you.. whats your view on it??
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Zeheart Zeheart


NU in 4H Chart, Seems the past few candles are rejecting the Resistance, may have a chance that price will push down. I do see Divergence Happening as well. Hopefully it does work out. Bless the Bear!!!
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Double top and hit the my top channel...welldone NU..lol..i sold again on top!!
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Zeheart Fiboholic
Yeah i shorted as well.. good luck to us bro!!!
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the last movement made bullish flag then raised till 127.4 fib , then the other day seller in, this one made bullish flag raised to fib 141.4 already, dont know if tomorrow seller in or now wew
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Zeheart Fiboholic
I can see that the bull is strong for now, it price doesnt close below 84758, thn it will test on the next resistance..
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