One of 2 ways we see that this NZD/USD trade can play out. High Risk Reward Ratio.
As you can see from this markup we have locked into nearly all areas from our push down.... meaning the only areas are the liquidity above and below our highest zone! so following what we know of interlocking structures the lower move would be next... taking us out of our retrace move and back into our trending structure move.... Reaching lower would give us 3...
On Friday, the NZDUSD traded with significant volatility as the price surged strongly to the 0.62 resistance level but failed to break above, ending the trading week at the 0.6150 price level. Early in the trading session today, the NZDUSD is trading lower with the potential to reach the 0.61 support level. Look for the NZDUSD to break the 0.6120 interim price...
💵NZDU/USD Time for a correction 💵Quick play 💵Quick play to make a correction in the medium-term uptrend after the double top breakout on the hourly interval 💵Input at current level 💵Stop order above double top 💵Take profit at 0.57334 which is the 0.382 fibo of the upward impulse wave 🚀If you appreciate my work and effort put into this post I encourage you...
Breaking the strong support line.If yoy note 15 minutes chart,you can see the price line cross the support line meaning a short chance is recognized.
looking to Take NZD/USD Sell set up again here, risking very small % for a possible 1/3 risk reward disclaimer- information shared is for educational purposes only and should not be taken as Investment advice!
Hello Traders NZD/USD possibly see lower levels. Reasons: 1-Main trend is downward and price is moving in a big downward channel. 2-A corrective channel has been broken down. 3-RSI uptrend is broken. So it is possible that downward momentum continues till bottom of big channel. Thanks for Reading Team Fortuna -RC
NZDUSD in daily time frame has broken the big level and right now it's in the retest zone We can look for Short Position
Short as per levels shown...RRR 1:1 .....if SL hits, wait for fresh entry
The break below well tested support in conjunction with a weak S&P 500 should see continued downward pressure on kiwi.
Hey guys, The pair strongly broke its initial balance during the Asian session and has not been able to get back at these levels. Since the current value area is lower than the previous ones with lower highs and lower lows printing, I am favoring a trend continuation (bearish). I will target the immediate support at around 0.70 levels. The RR for this...
CONFLUENCES: -Bearish Market structure confirmed by EMA crossover - Head & Shoulders pattern formation - Break of a major support area - Could see a further retracement to 0.71525 however I see further $ strength in the near term
Here is our today's forecast on NZDUSD. Our analysis is based on current market fundamental sentiment. According to our chart NZDUSD reached a strong supply cluster. Based on our outlook the price will dump to the next support level. Like & Comment Our Analysis, Please!
NZD/USD 4h chart. The price is at the bottom of the wedge pattern. Bounce is also possible, but once the bottom line is broken, there is a great opportunity for a short trade. Important rule! Open the trade only if the purple line is already broken!