NZD/USD - Sell down 4h chart NZD/USD : nzd/usd is currently going to sell down for beyond the technical analysis NZD/USD sell dow
REASONS :
1. overall trend & current trend sell down
2. rising wedge pattern also formed
NZDUSD trade ideas
NZDUSD Technical Analysis NZDUSD Technical Analysis
Sell Limit @0.668
SL @0.6735
TP1 @ 0.6575
TP2 @ 0.6510
NZDUSD SELL NZDUSD FORMED A KIND OG HEAD AND SHOULDER.
SELL AT CURRENT PRICE AS PER MARKED IN CHART..
Don't miss the great sell opportunity in NZDUSDTrading 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 dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 0.6575
TP2= @ 0.6545
TP3= @ 0.6510
SL: Break Above R2
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💡Don't miss the great sell opportunity in NZDUSDTrading 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 dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 0.6570
TP2= @ 0.6510
TP3= @ 0.6445
TP4= @ 0.6375
TP5= @ 0.6240
SL: Break Above R2
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💡 Two Sell opportunity in NZDUSD , Mid-Term & Short-TermMid-Term Forecast:
Second Chance Trade Setup summary:
Profit targets= 3923 pip = { TP1=104 + TP2=219 + TP3=344 + TP4=579 + TP5=639 + TP6=789 + TP7=1249 }
Stop Loss = 497 pip
Reward/Risk > 7.9 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6719) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP1 = @0.6615
TP2 = @0.6500
TP3 = @0.6375
TP4 = @0.6240
TP5 = @0.6080
TP6 = @0.5930
TP7 = @0.5470
TP8 = Free
SL= Break above 0.6790
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Current Status of First Sell:
Total Profit: 570
Closed trade(s): 52 Profit
Open trade(s): 518 Profit
Trade Setup:
We opened 8 Sell trade(s) @ 0.6667 based on 'previous Forecast' at 09.21.2020:
Closed Profit:
TP1 @ 0.6615 touched at 2020.07.28 with 52 Profit.
Open Profit:
Open trade is 0.6593(current price) - 0.6667(open price) = 74
7 trade(s) still open, therefore total profit for open trade(s) is 74 x 7 = 518
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 dynamic resistance.
. The RSI is at 44.
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Short-Term Forecast
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6614).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.6575
TP2= @ 0.6500
TP3= @ 0.6446
TP4= @ 0.6375
TP5= @ 0.6333
SL: Break Above R2
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Bear Flag - SellForecasting a bear flag patterns before the drop.
Please note
Trade like the banks and financial institutions.
Do not aim for silly 20-30pips instead look for 90-100 pips and above.
Dont depend on Support/resistance lines because any line you draw with closed eyes will be a support/resistance in the past!
Dont depend on lagging indicators.
Simplicity is key to be successful in trading.
Thanks to all those who have followed me and liked my post.
Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
BULL FLAG - LONGPrice is been bullish since last week and it seems to e forming a bull flag pattern which still suggest that it is going to continue to go higher up.
Hence looking to enter LONG for this pair.
Trade like how the big boys trade (banks and financial insititutions).
Do not aim for silly 20-30pips instead look for 90-100 pips and above.
Dont depend on Support/resistance lines because any line you draw with closed eyes will be a support/resistance in the past!
Dont depend on lagging indicators.
Simplicity is key to be successful in trading.
Please note
Just knowing the next expected move is not enough to be profitable in the long term.
You need to know when to add more multiple calculated positions and also effectively manage the trade.
Remember my minimum risk:reward must be 1:3 or higher.
So you cannot cut the winning trade too early and you cannot turn a winning trade to a breakeven/loosing trade.
Thanks to all those who have followed me and liked my post.
Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
short setupdouble top in DAY time frame..expecting impulsive wave with good RR Ratio (1:5) trade setup...
NZDUSD (SELL OPPORTUNITY)Perfect breakout and market retest , good sell opportunity with great margin.
Beware of market false breakout ( If market make a long buy candle breaking upward trend line can be consider as a false breakout such condition create a strong buy signal )...
Double Top formed on Daily chartdouble top formed on NZDUSD, after huge dropdown now price is making some correction, according to me price is going to drop very soon..this is not financial advice so be carefull when u trade
Two great sell opportunities on this chart for NZDUSDMid-Term Forecast:
Midterm forecast:
While the price is below the resistance 0.6790, beginning of downtrend is expected.
We make sure when the support at 0.6585 breaks.
If the resistance at 0.6790 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 0.6790 on 09/02/2020, so more losses minimum to Major Support (0.6585) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.
Take Profits:
TP1 = @0.6585
TP2 = @0.6500
TP3 = @0.6375
TP4 = @0.6240
TP5 = @0.6080
TP6 = @0.5930
TP7 = @0.5470
TP8 = Free
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Intraday Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6705).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 24.
Take Profits:
TP1= @ 0.6665
TP2= @ 0.6655
TP3= @ 0.6640
TP4= @ 0.6600
SL: Break Above 0.6750
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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💎 Want us to help you become a better Forex trader ?
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Trade well, ❤️
ForecastCity English Support Team ❤️
Bear Flag - SellPrice is forming a bear flag pattern. Hence looking to enter short
Thank you to all those who have sent me private message and been following me.
Hope you have understood how simple it is to trade forex with out any support/resistance lines or lagging indicators.
And started to earn good profits as I have told you on what to do.
Please Note:
Just knowing the direction of the next move will not help being profitable.
There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade.
Comment below / DM me in case if you need to know how to do it if interested.
Rising wedge - SellPrice is forming an rising wedge pattern. So looking to enter short
Please Note:
Just knowing the direction of the next move will not help being profitable in the long run.
There is a lot more to it with regards to the entry technique and trade management after entering the trade.
If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips.
So you need to make sure you enter the trade at the right time and manage the trade to get to squeeze maximum amount of pips from it.
Comment below in case if you need to know how to do it if interested.
