As 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
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...
According 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...
Newbie trader throwing out some trade ideas.
What Do you think of this BULL angle for Long term.
i know its dependent on strength of DXY, and US report fluctuations but this is a far fetched idea spanned over weeks. So a possibility out there for Bulls to Ride it .
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...
Hello guys i had find this setup in 1h timeframe which is in correction move after bad fall we have a good selling opportunity to short from here with above resistance sl and below support target and plzz do your own analysis before taking any trading decision if you like my analysis plzz like share and follow thank you
