Here I explain why NZDUSD could be on its way down to retrace some of its recent moves to the upside to 0.71000 or even further at 0.70000. We are very extended on the higher timeframes and a retrace could be happening soon for this pair.
Leave a comment if you agree, disagree or have any questions
I'm expecting a long trade after the OB has been respected and price rejected the equilibrium of the OB. Furthermore, the Bearish Flag was a set up to capture and trap retail net sellers that have been stopped out. I'm expecting a bullish stop out the buyer side liquidity.
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on NZDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
Good evening traders.
This is outside of my daily pairs however the current market structure can not be over looked.
I have broken down the pair from the monthly highlighting the high probability zones we have to trade from. The market is bullish at the moment with PLENTY of bearish confluences. Looking at the higher time frame structure it is just a matter of...
We managed to break out of the ranging market on the 15M and surpass the key monthly level marked. I would like to see price pullback and show signs of rejection before placing my long position. if we see price break through the range completly then we will see a whole new structure shift and we can then be looking for selling opportunities.
Last time price has been in a bearish channel but now I think the market is done correcting itself. Price has just touched my buy limit, I'm predicting a new high to be made. The London session has grabbed the equity from yesterday's sellers making a new high. Since price touched my institutional line supported by the weekly chart I'm now expecting the price to be...
0.66000 is a key area of interest as you can see it has been used as key support and resistance before.. and it is a nice round number also so i am expecting to see bulls take over and push price up after bears pushed price very quickly into this level on Friday.
I will be looking to see where markets open and if we have no market gaps i will be entering a long...
Although this pair has broken out of a significant ascending trendline we can't dismiss that it is still cant within a range. We must be patient and allow it to show us clearly what it would like to do next, I will be looking for something similar to what I have illustrated before I consider a trade on this pair.
Looking to me like it could be a strong week for...
