BlackPipper

BlackPipper

NZUSD is consolidating within ascending channel on hourly chart. We look to trade breakout on the upside for targeting 0.7050, 0.7085 while a reversal from 0.7020 (trendline resistance) is also very objective. Patience Needed

BlackPipper Updated 

The price can either show a minor pullback from 155.79 or if breached then 155.15 is a stronger potential reversal zone. However 154 is the worst case scenario!

BlackPipper Updated 

Risk around 25 pips as sl is 121.50 and tp is 122.52. So the the ratio is almost around 4 for this trade.

BlackPipper

0.7002 is a fib 786 retracement level while it is also a resistance of the day. Being a psychological 00 figure, it adds strength to the dynamic resistance and shorts are highly probable from here for target of 0.6780. However 7052 is the previous top which is also a multi month high as well. Further strength to our short selling is supported by the RBNZ intention...

BlackPipper

Currently the price has reached confluence zone which is a dynamic resistance. RRR is almost 3 for the trade. Good Luck!

BlackPipper

RRR is around 4 for this trade

BlackPipper

NZDUSD has reached its strong dynamic resistance zone. Good to go shorts around 0.6962 with 40 pips stop loss and take profit at 0.6756. This is a high probability setup with around 3 RRR

BlackPipper

selling from 1.3927 and targeting 1.3840 and low.

BlackPipper

Short AUDUSD at 7251 (4H Trendline) Stop 7266 TP1 7200 TP2 7174