Search in ideas for "Nzdusd"
NZDUSD - possible short position?NZDUSD has been moving south from the beginning of the week, resulting in a daily bearish pin-bar that could drag market down. Looking on H1 chart, we can see slow growth since midnight.
The appreciation may turn out to be only a short-term correction, and in near future we expect to be able to test local resistance zone coinciding with a 38.2% Fibonacci abolition. Rejection of this level could be a signal for continuation of declines. If this happens, in short term you will want to consider short position on this symbol.
NZDUSD Potential Bearish ButterflyNZDUSD had a bat setup that was invalidated by point D exceeding point X, so now we might be seeing a Butterfly. Could be at the 1.272 or 1.618 extensions.
Per "Trade What You See" by Larry Pesavento, stops should go above the 1.618, and since entry at the 1.272 would be too much risk for me, I'll likely try to enter around the 1.618 to minimize that risk. In addition to that, the 1.618 does coincide with structure better than the 1.272.
TP 1 @ the .618 retracement of AD swing
TP 2 @ the 1.272 of AD swing
NzdUsd Short - Resistance Zone, Kangaroo Tail, Fib LevelsNzdUsd is in a monthly resistance of zones and fibonacci levels. Similarly, on the daily timeframe NzdUsd has printed a Kangaroo Tail, indicating a strong resistance in the zone sutuated. Personally, I have entered a short trade, however, a Crossover of the Moving Averages would provide a good indication of further bearish movements.
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NZDUSD bearishnessNZDUSD has been strong since the start of the year but it doesn't mean we don't get to take short trades especially when price reaches key fibonacci retracement levels.
If I try to plot a bearish butterfly, I can enter a short at 0.742 with a second chance to short at 0.752 which is the 50% retracement in the weekly.
This trade idea are for traders who set stop losses.
Personally, since I don't set stop losses, I'll be shorting NZDUSD even up to 0.792. But that's just me.
NZDUSD ready to reversal ??NZDUSD bullish above 8120 after seller hit target i was talked about it
and divergence RSI and broken trend line possibility ready for reversal
above 8180 target will be 8285 and above 8300 target will be 8410
looking to sell if reach this level and see resistance
break 8120 target will be 8060
invalidates below 8060
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NZDUSD NEXT TARGET ABD BUY ZONE AREA NZDUSD still bearish and five wave till not end .
there is two level i focus now 8110 below 8050 then faces weekly trend line
if see some support good to buy .
resistance 8240 above 8310 and 8400 .
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