USDNZD trade ideas
#NZDUSD BUY STOP Timeframe: intradayEntry Point: 0.6465
Take Profit: 0.6532
Stop Loss: 0.6400
Key levels: 0.6266, 0.6299, 0.6347, 0.6379, 0.6460, 0.6500, 0.6532, 0.6583
Long on NZDUSD Trade Details:
Enter long at 0.64435 with SL of 0.64300 and Target is 0.64595.
Reward - 160 Points
Risk - 135 Points
Ratio - 1 : 1
Don't miss the great buy opportunity in NZDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.643). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 0.6505
TP2= @ 0.6580
TP3= @ 0.6665
TP4= @ 0.6740
TP5= @ 0.6785
SL= Break below S2
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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 (0.6485). 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 48.
Take Profits:
TP1= @ 0.6410
TP2= @ 0.6380
TP3= @ 0.6330
SL: Break Above R2
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NZDUSD - LONG - Falling wedgePrice did not form a continuation bull flag after the break of the Inner falling wedge. So will be considering it to be part of the middle section of the larger falling wedge.
Ideally would be nice for the price to break the double bottom structure and do the mass psychology and form the 3rd touch as part of pattern completion before going LONG.
Either way will look for entry at the hover or 1st correction to go LONG.
NZDUSD SHORTBreaking the trend line and market retest and ready to short. Its very risky free trade.
Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.646). 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 29.
Take Profits:
TP1= @ 0.6400
TP2= @ 0.6370
TP3= @ 0.6330
SL: Break Above R2
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NZDUSD - ShortPrice has reached correctively on the Key level as per monthly TF.
It has formed a rising wedge pattern. And is expected to go short with minimum TP is the blue ray line. But it looks like it has more room to head lot lower.
Will look to scale in more position as it imprints with a continuation pattern.
Will Break even this trade ones it has crossed 1% of my SL.
NZDUSD , WEEKLY ANALYSIS, MAY 25-29NZDUSD pair has been trading inside a broadening triangle pattern since starting of May, it seems like close with bearish movement at the last week of the month, might me it will take of from the price of 0.58500.. this week we can expect a bearish rally ..
Bullish Gartly It's a perfect bullish gartly pattern. Go for long. TP1 is 0.60462 and TP2 is 0.60957.
NZDUSD - 05/11/2020Going long if price breaks above 0.61471 (Showing broken resistance because of the 2nd touch).
Going short if see a valid entry below 0.61102 (invalid support).
