NZDUSD trade ideas
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.7052).
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 dynamic support.
. The RSI is at 43.
Take Profits:
TP1= @ 0.7009
TP2= @ 0.6992
TP3= @ 0.6961
TP4= @ 0.6896
TP5= @ 0.6837
SL: Break Above R2
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NZDUSD - At the Target - Trail your StopPrice after closing above the 2years resistance moved super bullish and reached 2018 resistance which is our target for this break. Now carefully trial your stop or book the profits and if closes above the resistance line once again one can enter the market. Expecting profit bookings soon.
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Bear Flag - SellBeen watching this pair for a massive drop since days.
for some reason its just hesitant to drop, though it fits my trading plan and go to setup.
I would take this setup over and over again.
Forming a bear flag pattern so there is a 90% probability for it to drop.
💡 Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6945). 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 dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.6896
TP2= @ 0.6860
TP3= @ 0.6815
TP4= @ 0.6750
TP5= @ 0.6686
SL: Break Above R2
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Now, It's your turn!
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NZDUSD Short Idea AnalysisHey 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.
Parallel channel -Triangle pattern in NZDUSDPrice trading inside a channel and presently forming a triangle pattern inside the channel. One can expect a small rejection as the price reaches the top of the triangle.
One can go long when price reaches the channel bottom for the target of channel top with small stop loss or wait for the reversal confirmation before going long.
nzdusdprice is goin to retrace from resistance line 0.69593 and head toward the support line 0.67684 long term sell. after that we are expecting a buy for the bigger move.
💡Don't miss the great sell opportunity in NZDUSDTrading 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 dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 0.6800
TP2= @ 0.6775
TP3= @ 0.6740
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NzdusdLooking for the candle to break the small trend after that the resistance at level 0.66688 and go short for the level 0.65790 and stop loss at 0.66849
