NZDUSD price was in really good uptrend but now on 4h timeframe look like price gonna make a pull back so i will look for sell below 0.71025 lets goo if you guys have any other quetion DM me
As we can see clearly that in my chart the market gave the red candle before closing.
I know the market was volatile on Friday but looking at the previous factors we can say that the asset usually falls from this area and the another confirmation is the Resistance line which threw the market back from this point.
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6916).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7004).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7063).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
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.
Hey y'all as we can see a Bearish Rising Wedge has formed and now we can expect for a long bearish move.
Let's see...
Follow me for any update on this idea and other ideas to.
