NZD/USD BUYING OPPORTUNITY WAIT AND WATCH FOR A GOOD ENTRY...
When PRICE ZONE 1 comes near then maybe touch PRICE ZONE 2 too.
ENTRY PRICE:- If there is PRICE CLOSE above ZONE 1 then we will take the entry
NZDUSD trade ideas
NZDUSD - CANDLE CONFIRMING SELLING OPPORTUNITY.Minor retesting is going on which will may be hit the pivot point , selling will be start.
#NU look to short in a pullbackNU looks bearish, with that cable, which I shared in my last idea will also go below our POI, but cable can give opportunity to scalp on the long side as well.
I always try to trade on both the sides, I don't care whether it is a pullback or continuation. Just that pullback is a bit tough., but gives similar R:R.
Here is the cable chart what and how I am planning for next week.
Regards
NZDUSD - SECOND SELL OPPORTUNITY HERE .Rejection from the upper 4hr resistance leading the selling position there and here is the retesting which is confirming the 2nd sell trade opportunity .
Simple Reversal!Message me to learn 1 to 1!
NZDUSD 4H TF
NZDUSD has been in a sideways channel and a breakout isn’t expected yet
It is now back to it’s support and has taken rejection once, it is re testing the resistance, if a reversal is seen a short entry can be taken
The target can be set at the lower support! And booking if a reversal is seen from the support!
RR-3.5
Possible Pips-0.17
NZDUSD confirms rising wedge on strong NZ employment dataWith the firmer Q2 jobs report, the RBNZ is all set to become the first developed nation central bank to announce a rate hike in 2021. The bullish consensus spread like a wildfire among the top-tier banks following the data, fueling the NZDUSD prices beyond a key hurdle from mid-June, which in turn confirmed a bullish formation suggesting a theoretical jump towards revising the May month’s low near 0.7315. During the run-up, tops marked during July and June, respectively near 0.7100 and 0.7240 may offer an intermediate halt.
Alternatively, pullback moves below the resistance-turned-support line, around 0.7025, will be challenged by 200-SMA and a one-week-old rising support line, close to 0.6990–85. Should NZD/USD sellers break the 0.6985 level, the pair’s further weakness towards 0.6920 and July’s bottom surrounding 0.6880 can’t be ruled out. However, the support line of the stated wedge, around 0.6860, will challenge the quote’s declines past 0.6880. Overall, optimism concerning the RBNZ’s rate hike backs the NZDUSD bulls.
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💡Don't miss the great sell opportunity in NZDUSDTrading 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 acts as a dynamic resistance.
. The RSI is at 36.
Take Profits:
TP1= @ 0.6887
TP2= @ 0.6873
TP3= @ 0.6845
TP4= @ 0.6695
SL: Break Above R2
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NZDUSD 1Hour timeframeHello Guys!
Guys has per my knowledge NZDUSD may move in downward direction. Because it has formed down flag but before entering in trade wait for confirmation 🙃🙃🙃.
NZDUSD mixed market scenarioAs wee can clearly see here price is consolidating between two levels which is around a strong psych level 0.75 either wee can expect the price to break above or below and and give us a pull back to enter other wise it can trade in the range for the upcoming week
💡Don't miss the great sell opportunity in NZDUSDTrading 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 as a dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 0.6967
TP2= @ 0.6945
TP3= @ 0.6921
TP4= @ 0.6896
SL: Break Above R2
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NZDUSD LONG SETUPAccording to my analysis in 1hr chart of NZDUSD I can see a break of structure of a downtrend. Also break of a resistance. Now I wait for the market to retest the previous resistance that now act as support. Rejection to the upside from that support confirms my long entry. I personally set my stop loss at 25 pips from entry point and target at 40 pips.. U can vary stops and target according to your strategy. This is only for analysis ..please do double check before entering trade.
eventhough we found break of structure in 1hr ..in 4 hr it is still in down trend so if market breaks the support and goes down ..continuation of downtrend expected.
