I think it'll drop to the 2H FVG to rebalance as well as to take any liquidity pools around that area indicated below current price then rally above the current highs for liquidity pools. Setup R:R = 3.5
Greetings everyone!
The ascending trend in the 4-hour timeframe was disrupted by a significant breakthrough at 0.593. Consequently, the NZD/USD currency pair remains under selling pressure below the 0.5900 level, having failed to sustain above 0.6000 during early Asian trading on Tuesday. At present, this particular currency pair is being traded around 0.589,...
Hello dear traders! Today NZDUSD continues to shine when it maintains its stable increase at $ 0.595. And still in the trend of increasing, constantly receiving support. In particular, New Zealand economic data seems to have better recovery than expected.
The US dollar index (DXY), measuring the value of the greener compared to other main currencies, is having...
Hello dear traders! Are you wondering how the NZD/USD pair is trading today? It has now fluctuated down to $0.59076. On the 4-hour timeframe, you can see the pair is trending up along the trendline. But in the short-term market, short-term prices may decrease due to some negative effects from the increase in inflation, then prices will increase again according to...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.646).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6662).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
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Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6865). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.663). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Currently, as we can see the nzdusd is in an acute downtrend. It is very close to the trend line and has also hit a demand zone that was tested many times in the past.
The trade is on the 1 hr time frame. All the anlysis that I made was on the 4 hr and daily timeframes.
### Appropriate risk reward is 1:3 here..
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6600). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
