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
NU 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...
Rejection from the upper 4hr resistance leading the selling position there and here is the retesting which is confirming the 2nd sell trade opportunity .
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...
With 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...
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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...
