As usual its created fakeout. Wait for price come to buy zone then Enter Use minimal stoploss to avoid huge loss. Before entering the trade do your own research.
NZD/USD higher after the larger than expected interest rate hike from the RBNZ Reserve Bank of New Zealand raised its cash rate by 0.5% vs. the 0.25% consensus expectation says will remain focused on ensuring that current high consumer price inflation does not become embedded into longer-term inflation expectations. monetary tightening brought forward remained...
NZDUSD go for short rejected from weekly again - strong supply area - USD also making big impact as FED increases the rate of interest.
Overall, NZD/USD is ranging across. Recently, NZD/USD traded into the resistance zone of 0.68400. New Zealand banks will be closed today in observance of New Year’s Day. Also, New Zealand banks will be closed tomorrow in observance of Second New Year’s Day. Expect lower trading volume and volatility during the usual New Zealand market hours. Currently, NZD/USD...
NZDUSD Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
It retest her old supplyzone also creates and shooting star candle from supply zone.
NZD/USD takes an support from old demand zone after channel breakout and started moving in up direction.
It break her channel as well as touches her support two times which makes double bottom. So, it shows bullish trend wait and watch.
NZDUSD Long Risk/Reward: 1:3 Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
NZDUSD Long R/R: 1:4 Feel free to share your opinions in the comment!
The NZD USD forecast has a !:5 RR setup. Entry at: 0.69300 Target: 0.70275 Stoploss:0.69079
Looks best for the swing trade based on Daily TF. Make use of proper risk management.
As we have NFP this week, I'm expecting USD to be weak. Please use proper risk management.
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FX:NZDUSD This Is Likely to Happen. Observations- 1)Trend Continuation Pattern (Bearish Flag) 2)Harmonic Impulses. 3)Feb-Ret 0.5 Resistance being followed in previous impulse. 4)Confluence With Old Structure. 5) Strong Resistance Provided by Old Structure.
We can see the trend has exhausted and a head and shoulder pattern is formed. The breakdown has already happened, but wait for a retest if the SL is out of your risk limits. Cheers.