NZDUSD back in support zone, possibility of a pullbackHello traders, in my previous NZD/USD idea, I advised selling NZDUSD@0.7301-0.7320.
If you followed that idea, you have certainly made close to 180+ pips profit.
(previous idea attached below for your reference)
Currently, NZD/USD is back in a support zone and although I am not so bullish on this pair, I still think
there is moderate chance for a pullback to the 0.72 level.
So, if there is some bullish price action in the support zone, buying NZDUSD@0.7115-0.7125 with SL below
0.7090 and TP at 0.7210 would be a possible short-term buy signal.
Nzdusdlong
NZDUSD buy in progress👌📈The first day of the week is well underway.
As is this first trade idea of the week.
Working our NZDUSD H1 strategy here.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren
long waitedit's under the lower part of the weekly uptrend channel which is strong and supported. It's close to a demand zone formed in past consolidation. 0.719 as support and next to 0.715 and further down 0.710. Whilst going up follows the trend and logical unless DXY gives big jump with no fear of inflation. Inflation is a mid-term/long-term factor, however has been hot in recent weeks which can drive the market quite a long way.
NOTE: Earning or Losing, either way I learn. Please follow your decision and risk management.
NZD/USD could move UP! hey tradomanaics,
looking at NZD/USD I can smell a buy-chance at this current strong support-zone which gets constantly bought by institutional traders after multiple fake-moves.
Structure looks bullish to me with a flat-type-correction, while volume and orderflow does not let price drop below the demand-zone.
Could be a good catch, especially when you get the breakout!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZD/USD BUY SIGNALHey tradomaniacs,
welcome to another trading-setup!
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
Still testing setups so keep your risk low!
NZD/USD: Daytrade-Execxution
Market-Buy-Order: 0.72670
Stop-Loss: 0.72520
Point of Risk-Reduction: 0.72850
Take-profit: 0.73130
Stop-Loss: 15 pips
Risk: 0,5% -1%
Risk-Reward: 3.0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
NZDUSD - FOREX - 24. MAY. 2021Welcome to our weekly trade setup ( NZDUSD )!
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1 HOUR
Bullish break above main sr level.
4 HOUR
Expecting more bullish presure shortly..
DAILY
Turning market structure, good long entries!
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FOREX SETUP
BUY NZDUSD
ENTRY LEVEL @ 0.72000
SL @ 0.71580
TP @ 0.72570
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
NZDUSD – struggling to get bullish again … the week of 24/05/21The previous bullish run ended rather abruptly at the end of Feb 2021 – a series of impulsive bearish days brought the price down by 500 pips (from 0.7455 to 0.6945) in about 3 weeks. Since 26 March, this pair has been grinding higher, making very slow progress even though the DXY has been losing ground steadily. Price has earlier broken below the S/R zone located in the 0.710-0.715 area but has since recovered and is now treating it as support. We are now at this area.
You can see that price is now contained within an upward sloping equidistant channel, price action is respecting the channel extremities and the support zone for the most part. In my opinion, we do have an opportunity to go long, entry perhaps in the middle of the S/R zone (0.7130) stop below the zone, targeting at first 0.7280 and possibly the next resistance at around 0.7420.
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As always, please use sound money and risk management in all your trades.