Kiwidollar
NZDUSD Daily Outlook + TCT+ Bat PatternNZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out.
I have made a "Kill Zone" using a variety of technical patterns.
1. We have a Bat Pattern completion @ .7565
2. ABCD Pattern (just barely makes into my kill zone) completion @ .7414 along with the 78.6% Fib Retrace
3. 1.618% Ext - Pulled from lows to B leg of Bat Pattern. It has a nice confluence with the Bat Pattern
This will be a HIGH CTS (Combined Technical Score) trade IF market will push back up there.
Best of Luck!
NZDUSD Looking for a pullbackI have selected a target of 0.708 levels
Looking at other time frames for more confirmation before placing a trade though.
Will come back to this a bit later.
Kiwi Dollar - Structure trading4H structure high is holding after one retest. Structure lows to be violated but if a bullish candlestick formation forms, set my buy stop just above the structure high & capitalise .
My Kiwi Strategy for the week.Im mostly looking to go long on this trade to ride its final 5th Wave up. But as for my aggresive trading nature I am keen on selling the breakout of the recent hourly trend which Im looking to get a 2:1 Return .
My TP for the Shorting trade will be 38.2% fib and thereon will be my Long setup for a 3:1 return with a TP at the recent highs or higher.
If you are more cautious I suggest you wait for the consolidation to take place and find a sutiable buy zone according to your RM. Again my buy zone is just above 38.2% fib with SL below 50% fib.
I wish myself and everyone the best of luck.
NZDUSD; Stiff Resistance Kiwi has risen sharply in recent days, mainly because of hawkish RBNZ statement. But here there is a real test for the bulls:
- A change of polarity zone
- Top area of the channel
I think the bulls will find it here to break this resistance.
Good luck,
Ali Sharif Azadeh, CFTe
NZD/USD POTENTIAL RANGE SHORTNZD/USD is now trading in the middle of the .68400-.70500 range. Look to shor t around the .70400-.70500 area and take profit down range support around .68400-.68500 . Stop loss 50 pips away from entry price .
NZDUSD Stairway to heaven part 4.The pair is continuing to stairstep its way up.
The moves up and down are now equal in lenght both up and down.
Looking to get long at 0.6852 with a 50pip stoploss.
Going for a full lenght move once more, with target at 0.7150
Very nice risk to reward ratio (1 : 5.8 RvR)
NZDUSD on major channel resistanceShort now, SL at 0.7060 and TP at 0.6950.
Good risk : reward. Fairly aggressive trade.
I train traders to be successful full time forex traders at : www.TheForexArmy.com
POTENTIAL LONG OPPORTUNITY IN KIWIThe kiwi is currently moving in an upwards trend channel. By combining the fibonacci timezones with the fibonacci retracement we can locate a good long opportunity in the zone between the outside retracement of the previous swing low to swing high and previous structural support and resistance . The first limit target is based on previous structural resistance and the .236 fibonacci retracement level. The final profit target is placed where the fibonacci extension meets the fibonacci timezone. The trendchanel also indicates that it most likely won't move much further up after this level. The stop is placed just below the .618 fibonacci retracement level which almost gives us a risk/reward-ratio of 2 to 1.
/ Uncle & Son
NZDUSD Long. Measured move, "stairway to heaven"NzdUsd has been in a uptrend since late september of 2015.
Recent weeks priceaction broke a KEY resistance area and price looks to be in a "stairstep pattern" with equal moves up and down.
So IF price repeat itself 1 more time we should have a good risk vs reward setup on our hands.
Order: Buystop at 0.6812 Stoploss: 0.6750 TP: 0.7045
1 : 3.45 RvR
NZD/USD - triangle bullish break outFed is strongly divided on monetary policy but even 2 rate hikes are below market expectations. Kiwi $ is an attractive currency for carry reasons also.
Techically for the NZDUSD long position to work out the 0,6760 support needs to hold (double bottom formation) + bullish candlestick formation has to appear. Without these two conditions not entering this position!
High risk-reward potential (approx. 1:5).
NZDUSD Daily Perspective NZDUSD Daily Perspective
- October highs
- Weekly tl
- 200 ema
- Ascending channel
- Potential ABCD
- Strong bullish weekly candle
Would like to see how we react at this level.
NZDUSD 2016 review - BULL MARKET projection3 MONTHLY ANALLYSIS - The last candle produced was a BULLISH ENGULFING candle off a major support level.
- suggests a bullish year is ahead for the kiwi
- alignment with bounce from MONTHLY 61.8 FIB LEVEL
THIS IS A LONG TERM TRADE - HIGHLIGHTED AREAS USED AS MANAGEMENT POINTS
