NZDUSD confluence:
-->In daily chart we can see clearly price is falling since Monthly rejection(orange zone).
-->Now price may approaching my TL in the event POSSIBLE H.L. may be form.
-->Also 78%fib is coincide.I'm patiently waiting for PRICE to play.
-->No fantasy 'Plan your trade, Trade your plan'.
-->Keep your analysis as simple.
I think NZDUSD is very interesting. Here's what we saw in the webinar we had this evening.
The pair has a beautiful Head&Shoulders (at least following my trading strategy),which, at the moment, gives us a double possibility :
1. The Neckline breakout ;
2. A rebound on the Neckline .
If number 1 occurs, I will wait a rebound on it , where I should...
NZDUSD is consistently making Lower Lows, Trade with the trend. We have seen an attempt to push up now we have watching a REJECTION, Great Trade Opportunity
Go long
1.Buy above .74400
2.Target is near resistance level of .74590
3.SL is low of bar next to pinbar candle which is .74350
4.Risk to reward is 50 to 190
It has been observed that a Ascending triangle is breaking out on the NZDUSD pair 15 mins chart.
Long can be entered between 0.7179 to 0.7182
Stop: 0.7168
Target: 0.7214
NZDUSD has been rejecting the weekly Trendline and form a weekly engulfing candle. We can look for selling signal or pending your sell order next week.
It has been observed that KiwiDollar is coming near Channel Support close to a good support zone (Marked in Green) along with RSI coming onto the support line. A long can be initiated at Channel Support.
Entry : 0.7240 to 0.7249
Target : Next resistance zone at 0.7295. The 2nd target can be aimed at Channel resistance while trailing stops.
Stop : Below Green...
