Kiwi Index Approached Support, Prepare For A Further Rise
Kiwi index approached its support at 6.8796 (horizontal swing low support, 100% Fibonacci extension,50% Fibonacci retracement) where it could potentially bounce to its resistance at 6.9311(38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance ).
Stochastic (34, 5, 3) is approaching its support where a corresponding bounce could occur.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Kiwidollar
Another Short Opportunity for NZDUSDWe had a successful trade of NZDUSD earlier this week. I believe this is another chance to short this pair. I'll state my reasons below.
First, on the Daily TF, a 3-pin pattern was formed, but I know it's not the most perfect 3-pin formation. It gives us a reversal signal.
Second, on the 4H TF, it formed mini LHs and LLs, which show a downward pressure.
My stop loss is just 15 pips above the first mini LH and also above the descending trend line. My TP is the previous low as shown on the chart.
I don't expect this trade to play out this week. I'm gonna hold over the weekends and we will see a result next week.
Have a good weekend.
Potential NZDUSD SetupThis setup is based on the 4H chart. The overall trend is bearish, and I expect the price action (PA) to follow through. As I labelled on the chart, an evening star formed suggesting a reversal sign. The ideal situation is that we need to see a reversal signal on the Daily chart, so it will give us a stronger bias.
If the price push up again, I'll sell this pair. Let's see if the market will give us another chance.
NZDUSD MACD DIVERGENCE TRADING OPPORTUNITYClearly you can Up trends been broken, divergence on MACD indicator and the price tending to go to the downside on the bollinger bands.I also noticed that the price is at current highs on daily view or 4H so you know the motto ''Sell High & Buy low''.The pair also is heavily correlated to EURNZD who is showing heavy bearish sign's. I've entered a short on Kiwi dollar at 0.6880 with a SL at 0.6950 and I'm gonna let it ride for couple of days or weeks.I will take profit on my position when I reached a point of 1:2 on my risk/reward ratio.I would love to have feedback's of my analysis or other point of views on the pair.
#NZDUSD - Intermediate (C) - February Wave Counts - Part 10#NZDUSD labeled in a bullish sequence in Intermediate (C) (turquoise), with Minor 1 & 2 (green) marked as complete.
Minute II (green) should be complete or about to finalize, thus leaving room for Minute III (green) to start its bullish swings very soon.
Kiwi Dollar should rally from here.
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More details in my signature.
Many pips ahead!
NZD ~ Bull Time ~ Over Next Few DaysI'm really liking the look of this projection for an impulse wave UP for NZDUSD.
The wave 2 retrace was just barely shy of 61.8%. Would have liked a touch, there, but it's close enough to play in my game.
Fib projected targets line up beautifully with visual support and resistance levels, as well as volume profile value areas and POCs.
I'm going to jump in and out of this, going long, for the next couple of trading days, when my algorithm signals!
Included pitchfork has some very accurate touches, visible on lower time frames. Check it out!
NZDUSD Kiwi Sell IdeaAfter we now have finished an equal lenght upmove pair we are right in the zone that looks interesting when you look left (i dont like to call that resistance or anything like that...).
We are at a decending trendline as well.
Look for the orgin of the downmove to determine where your stopploss must go.
Dont trade more than 1% risk.
Learn how to calculate lot size... or ask me...
This is not a trade call ;)
Good look.
4 Touch S/R Flip NZD/USDRecently had a 4 touch S/R flip. The Daily MS is bullish along with the current hourly. Setting limit orders to enter on a pullback on the top of the previous resistance. I have set take profit at first area of resistance, which will "pay" for half my stop. The next take profit is at the next Daily resistance.
Short it to the ground!Hey, too lazy to take screenshots of my trades and keep track of them on my PC :)
I think I am going to post some of these here, at least when I focus on bigger moves that take more than a couple of hours.
Now I cannot be dishonest trading view will always remember :o
There is something wrong in the matrix, I sense great trouble in the force. Stock markets are scary, margin debt is at a record of 650 bil, even inflation adjusted or as a percent of gdp it is at a record (remember this by George Soros “When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.”), people are running to safe assets mainly the dollar, twitter perma bulls are losing their minds also.
Well I am not going to list all the reasons, but basically usd should be stronger than nzd.
Yet NZD is going up? You joking right? This must be a bug in the matrix, soon to be corrected.
This could be a big winner. Going to depend how us china trade wars go, and what happens with equities (as a result possibly).
Also, this:
I feel good about this one. Probably miss it thought. But going it too early is not worth the risk, better miss out then.
Even if I don't get filled it is an experience to learn from.
Forgot, there is also tiny but positive carry for this.