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Nzdusdbuy

New Zealand Dollar / U.S. Dollar NZDUSD to BUYTwo weeks ago, I stated market is getting ready for a buy as it entered oversold region of RSI. This is an update for entry area to buy up, RSI bottomed at 27 reading and market hit a good support area as depicted in it's history. Market has now retracing down to possibly form a double bottom as it often does, then a good uptrend likely to follow. Will try a harmonic pattern for market to highlight possible take profit and retracement areas. Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes. Original chart from two weeks ago attached.
Long
by brexitbrawl
NZD/USD MAJOR BREAKOUT!Price has been travelling in a pennant and inside it price was travelling also in an ascending channel. Price has however broke out of both of these structures to the downside and has now come back up to retest the pennant indicating a big short trade coming up. While breaking out price has also formed a descending channel marked out in black, we just saw the retest at the top the channel also indicating a short trade coming up. Target is shown above!
Short
by UnknownUnicorn2396129
NZDUSD - WEEKLY SWING - 06. FEB. 2019WELCOME TO DACAPITAL-TRADING! NZDUSD FOREX BREAKDOWN 30 JANUARY 2018 1 HOUR Bearish price movement into our blue region3 4 HOUR Strongly bullish moving market with several pullbacks DAILY Reacting to previous Highs and resistance LEVELS BUY NZDUSD ENTRY @ 0.68540 SL @ 0.68090 (45 Pips) TP @ 0.69230 (70 Pips) RR: 1.50, use normal risk! IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Long
by DACapitalTrading
1
FOREX: NZDUSD - SWING - 23. JAN. 2018WELCOME TO DACAPITAL-TRADING! NZDUSD FOREX BREAKDOWN 23 JANUARY 2018 1 HOUR Strong bullish movement into 50-61.8% Resistance Area, expecting a turn now! 4 HOUR Bearish Waving market with a strong pullback now, good entrys DAILY Bearish market with several pullbacks LEVELS SELL NZDUSD ENTRY @ 0.67950 SL @ 0.68370 (40 Pips) TP @ 0.67440 (50 Pips) RR: 1.20, normal swing trade! IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Short
by DACapitalTrading
FOREX: NZDUSD - SWING - 16. JAN. 2018WELCOME TO DACAPITAL-TRADING! NZDUSD FOREX BREAKDOWN 16 JANUARY 2018 1 HOUR Strong bearish reaction to previous resistance 4 HOUR Looking H4 to find support right now taking out several long holders with stops below previous lows DAILY Overall bullish structure with a few pullbacks, following bullish movement LEVELS (Please split your Position to 3 small ones for perfect entrys!) BUY NZDUSD 1ST @ 0.67740 2ND @ 0.67680 3RD @ 0.67620 SL @ 0.67210 (45 Pips) TP @ 0.68240 (55 Pips) RR: 1.30, normal swing trade! IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Long
by DACapitalTrading
2
NZDUSD Long DailyLooking for a Long on NZDUSD (possibly the 5th wave) Reasoning for the trade: 1. Break of daily trendline followed by corrective price action 2. Test of horizontal resistence that may act as support 3. Test of area that should have latent orders that require filling 4. RSI oversold, testing 40 on Daily 5. A recovery in Crude prices will help NZD recover aswell (because New Zealand & Australia are energy producers) 6. Testing fibonacci 50% mark which is common at the termination of the 4th wave 7. News is clear until JAN 22 CPI (this may be seen as a reason against the trade also bc no news catalyst) Projections are 1.27% of the total move from the lows. Reasoning against the trade: 1. We may have more downside as the area of latent orders has just been touched 2. Asking the NZD to move up this much would imply a move down in the USD -- this must be your thesis if you take this trade. R:R is good, and is worth the shot. Money management: take 50% @ 1:1 after 1:1 may move stop to lows created within the BUY ZONE take 50% @ target
Long
by james_007