Note: -Recently, NZD/USD breaks the upward Trendline -Besides, there is a formation of Lower High- Lower Low-Lower High formation. There are 2 ways to trade this pair: 1. Currently the price goes up and touched the upward Trendline and followed by a bearish bar. It might be a signal to short with high R/R of 1:2. Can enter this trade but only small risk...
Bearish Cypher completed and price in consolidation mode Entry: 0.7188 SL: 0.7224 (-36) TP1: 0.7172 (+16) TP2: 0.7161 (+26) TP3: 0.7150 (+37)
IF IT BREAKS OUT ... SELL ORDER @0.70500 TP@0.69600
A potential Head & Shoulders Pattern appeared. If the price breaks the support zone near 0.70xx, look for any pullback to short this pair. It will be a high risk to reward ratio pair of 1:3! Remember to trade with proper risk management.
NZD/USD IS displaying a large head and shoulders pattern on the daily chart. This trade at the moment is presenting an excellent risk reward of 1:4.5 should the market retrace slightly back to structure after selling off at the end of Friday. if market does not retrace and continues lower a strong 4 hour close below 0.70005 will also present an opportunity with...
Wait for the price to correct and then add to the trade (or enter if you didn't short last week). Don't follow blindly. Follow your rules and money management. Feel free to ask questions or share your ideas.