NZDUSD Strong Bearish Scenario {Alpha Forex}

NZDUSD PRICE FORECAST; INVERSE CUP & HANDLE CHART PATTERN, STRONG BEARISH.

Ascending Channel Breakdown: The breakdown of an ascending channel is often considered a bearish signal, indicating a potential reversal in the upward trend.

Inverse Cup & Handle Pattern: A inverse cup & handle pattern is typically a bearish reversal pattern.

EMA Crossover: The golden crossover of the 200EMA and 50EMA is generally considered a bullish signal. However, it's important to note that crossovers may lag, and other factors should be considered.

Technical Targets: The mentioned support levels at 0.5950 and 0.5790 are considered potential targets for the downward movement. Traders often use these levels to set stop-loss or take-profit orders.

Volume Increase on the Selling Side: An increase in selling volume supports the bearish scenario, suggesting strong participation from sellers..

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Comment:

📉 NZDUSD Analysis: The market has formed a textbook cup & handle chart pattern, taking support on the handle's channel. Anticipating a retrace to the resistance level.

Entry strategy: wait for a strong bearish candle below the support level after the breakdown. Stay tuned for potential trade updates! 📊📉 #NZDUSD #TechnicalAnalysis

Comment:

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Trade active:

📉 NZDUSD Update: Executing the plan! After retracing the handle channel resistance, the market started falling, breaking the support level. Our entry activated, and we're running at a fantastic 100+ pips profit. Well played! 📈💹💯

#NZDUSD #TradingWins

Trade active:

Retracement Done and also formed a strong bearish candle with increased volume so it's time to enter entry 😊👍

Comment:

NZDUSD backed on retracement level of Inverse cup & handle chart pattern after strong bearish candle will be form then confirm it'll fall to our target zone....

Trade active:

It's on retracement the resistance level of inverse cup & handle pattern & second resistance take also from & EMA's, it has maked a bearish candle also more confirmation from golden crossover of 200EMA & 50EMA Already....

Comment:

Exciting developments on NZDUSD! The pair has broken down the support level of the inverse cup & handle pattern, followed by a retracement. Now, a strong bearish candle has formed, activating our entry. Another entry opportunity presents itself with a bearish candle accompanied by high volume increases. Your continued support is appreciated as we navigate these trading opportunities together. Thank you for your trust!

Comment:

📈📉 NZDUSD Consolidation Alert! 🚨📊

Traders, pay attention to NZDUSD:

🔄 Consolidation Phase: NZDUSD is currently consolidating around the retracement level, which serves as our entry point.

👀 Key Entry Point: This consolidation presents an opportunity for us to enter the market strategically.

💡 Supporting Analysis: Your continued support enables us to conduct better analysis and make informed trading decisions.

Stay vigilant and watch for potential entry opportunities as NZDUSD navigates this consolidation phase! 🌟📈 #NZDUSD #ConsolidationAlert #TradingOpportunity