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Nzdusdanalysis

🌟 Forex Trading Tutorial: Trading a Fake Breakout✅🔍 Understanding Fake Breakouts: 🔸Spotting the Fake Breakout: In the chart, as highlighted, a green candle indicates a reversal above a certain level, signifying a fake breakout. This is where the market seems to break a support or resistance level but quickly reverses direction, invalidating the breakout. 🔸Qualities of the Confirming Candle: The candle that signals a fake breakout shouldn't be a weak one. It must clearly demonstrate that the breakout was fake, usually with a strong close in the opposite direction of the initial breakout. 📊 Trading Strategy for a Fake Breakout: 1. Position Entry: You can open a position based on these candles, capitalizing on the market's misdirection. 2. Stop Loss: Set the stop loss just below the low of the confirming candle. This placement limits your potential loss if the market moves against your position. 3. Target and Risk-Reward Ratio: Aim for a risk-reward ratio of 2:1 to 3:1. This means for every unit of risk taken, you expect to gain two to three units in reward. For instance, if your stop loss represents a potential loss of 50 pips, set your target at 100 to 150 pips. 💡 Why It Works: This strategy works because fake breakouts often trap traders in the wrong direction. When the market swiftly reverses, it can lead to a strong move in the opposite direction as traders rush to adjust their positions. 📚 Educational Note: It’s crucial to practice this strategy in a demo account or with a small position size initially. Forex trading carries risks, and understanding market dynamics is key to successful trading. 🔑 Remember: Forex trading requires careful analysis, patience, and risk management. Always do your homework and trade responsibly! 🌍📚 #tradecitypro #forex #NZDUSD #breakout #fake_breakout
Education
by tradecitypro
1
NZDUSD Looking BearishCertainly. Here's a rephrased version along with an explanation: We recently observed a market response following our decision to initiate a sell position at 0.6122 on the 4-hour (H4) chart. This decision was based on identifying a resistance level that overlapped with the current market conditions. In order to set clear risk and reward parameters, we established a profit target at 0.6064. This target aligns with an overlapping support level, indicating our expectation for a downward price movement. To manage potential losses and protect our trade, we strategically placed a stop loss at 0.6189. Notably, this stop loss coincides with another overlapping resistance level. This placement aims to limit losses in case the market moves against our sell position, providing a risk management strategy aligned with the identified chart patterns.
Short
by HUMCRYPTOCLUB
NzdUsd is extremely bullish above 0.6050 Recently, I highlighted a potential reversal for NZD/USD on a few occasions. This anticipation was based on two primary factors: firstly, the occurrence of a false break, and secondly, the emergence of a notably large bullish engulfing pattern in mid-November. As predicted, the pair successfully surpassed the 0.60 figure and the horizontal level at 0.6050, achieving a local high of 0.6221. While the early part of the week is marked by a normal correction, there are indications that this correction may have concluded, paving the way for a potential continuation to the upside towards 0.64 next important level of resistance. As the title suggests, NZD/USD is currently exhibiting strong bullish momentum above the 0.6050 support level. The bullish sentiment prevails as long as this support is intact on a daily close basis. In line with this analysis, my strategy for this pair is to capitalize on buying opportunities during market dips.
Long
by Mihai_Iacob
2
Nzdusd Super short position for the downside looking forward to sell NZDUSD around 0.6175 level or above as we have seen a massive shift for downside in all major currencies as dollar seems to rally higher and target 104.25 level which makes this pair weaker and pois to move down. As i am also using the inner circle trader concepts and a mentorship student of 3 years this model should pan out and should target 0.6120 level with the higher time frame institutional order flow.
Short
by Rizwan-Ali
NZDUSD → Plummets from a four-month high, drops below 0.6200FX:NZDUSD retreats late in the Monday North American session after rallying to a new four-month high of 0.6226, but a repricing for a less dovish US Federal Reserve witnessed a jump in US bond yields. Consequently, the pair tumbled more than 0.80% and trades at 0.6154. The NZD/USD uptrend remains intact, though it is subject to a pullback. If the pair slides past the 0.6150 figure, the next support would be the November 30 swing low at 0.6120. Up next the 200-day moving average (DMA) at 0.6089. A breach of the latter and the pair could shift neutral if it slumps below the October 11 high turned support at 0.6055. On the other hand, if NZD/USD buyers reclaim 0.6200, further upside is seen above 0.6226, followed by a test of the July 27 high at 0.6273. If those two supply zones are erased, a jump to 0.6300 is on the cards.
Short
by tradingconmike
7 Dimension Trade Idea For NZDUSD 🕛 TOPDOWN - Long-Term Bullish Setup for NZD/USD Overview: The 3-month, monthly, and weekly analyses indicate a significant shift in character for NZD/USD. After a prolonged downtrend, the pair shows signs of a bullish reversal. While a trend line resistance is identified on the weekly, a daily correction is expected before considering a long entry. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Change in character. 🟢 Swing Move: Impulsive with (CHOCH). 🟢 Inducement: Direct CHOCH. 🟢 Pull Back: Awaiting, potentially deep. 🟢 Internal Structure: Bullish. 🟢 Ext OB: Unmitigated for a potential flip. 🟢 Resistance/Supply Zone: Identified at the swing high level, aligned with the weekly resistance trendline and premier order block. So better for wait a correction till our suggest entry levels 🟢 Time Frame Confluence: Daily. 2️⃣ Pattern 🟢 CHART PATTERNS Rounding Patterns: Near completion at target levels. Continuation: Rising Wedge, Shakeout Continuation. 🟢 CANDLE PATTERNS Key Considerations: Record session count observed without momentum weakening. Strict engulfing candles indicating sustained bullish strength. 3️⃣ Volume: 🟢 Fixed Range shows intact bull volume. 🟢 Volume on breakout and during correction is positive, suggesting a potential change of character. 4️⃣ Momentum RSI: 🟢 In the super bullish zone. 🟢 Range shift indicates growing bullish power. 🟢 No divergence observed. 🟢 Overbought, expecting a small correction. 🟢 Grandfather-father-son entries hint at strong bullish control. 5️⃣ Volatility Bollinger Bands: 🟢 Middle band and dual band derivation support potential reversal and uptrend moments. 6️⃣ Strength According to ROC: 🟢 Values: NZD 4.61 Vs USD 0.07, signaling USD weakness against NZD. 7️⃣ Sentiment: Overall, the sentiment is not entirely clear. While bulls have strong control, a final decision awaits a correction and its behavior. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bullish CHOCH. ☑️ Current Move: Impulsive. ✔ Support/Resistance Base: Flip area. ☑️ Candles Behavior: Awaiting correction. ☑️ Trend Line Breakout: To be marked after prices complete the correction. 💡 Decision: Buy after a corrective move provides a valid low. 🚀 Entry: 0.6040 ✋ Stop Loss: 0.5848 🎯 Take Profit: 0.7366 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:5 🕛 Expected Duration: 45 days SUMMARY: The analysis supports a long-term bullish setup for NZD/USD. The completion of the corrective move is crucial for a more accurate entry, allowing for a favorable risk-to-reward ratio. Patience is key to capturing the potential upside in this trade.
Long
by Optimum369
1
#NZDUSD: 600 PIPS BUYING OPPORTUNITY Hey everyone, NZDUSD is approaching a perfect buying zone, price recently dropped heavily and will continue dropping for another few days. We need to wait for a daily candle to close in a strong bullish behavior once it does, we can enter accordingly. Like our work? Then Like and comment, most importantly follow our page so you never miss out of any big trade setup/ideas. Thanks as always for showing incredible support towards us ;)
Long
by Setupsfx_
48
NZDUSD I Bullish USD unemployment claims it will come downWelcome back! Let me know your thoughts in the comments! ** NZDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
NZDUSD is Ready to Fall⏰(4-Hour)⏰🏃 NZDUSD is moving in the 🔴 Resistance zone($0.6110-$0.6050) 🔴 and 🟡Price Reversal Zone(PRZ)🟡 . 🌊In terms of Elliott wave theory , NZDUSD seems to be completing a Zigzag correction(5-3-5/ABC) so that the main wave C structure is Ending Diagonal . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks. 🔔I expect NZDUSD to Fall to at least the 🟢 Support zone($0.6021-$0.5985) 🟢 after breaking the lower line of the Ending Diagonal. New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 4-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
NZDUSDThe FX:NZDUSD is flat against the US Dollar (USD), early during Wednesday’s Asian session, ahead of the Reserve Bank of New Zealand (RBNZ) monetary policy decision. At the time of writing, the pair exchanges hands at around 0.6134, sitting above the 200-day moving average (DMA), suggesting the pair remains bullish. Given the backdrop, a hawkish stance by the RBNZ could likely underpin the pair to test the next resistance area at 0.6225, the July 31 swing high, followed by the July 27 high at 0.6273. Conversely, and the most likely scenario, RBNZ Governor Adrian Orr and Co. are expected to hold rates unchanged for the fifth consecutive meeting, which would likely weigh on the NZD/USD pair, which would dive toward the 0.6100 figure, ahead of the 200-DMA at 0.6089. If the exchange rates pierces that support level, the losses could extend to 0.6050, and beyond.
Long
by tradingconmike
NZDUSD - D1\H4NZDUSD D1 - The price has formed a diverging triangle, which in the near future may lead to a decline, the price may correct by 50% or more, from a correction of 50% it will already be possible to consider entry points for buying, if the price continues to move to the lower border, purchases after breaking through impulse level. H4 - You should wait for the trend level to be fixed, after which you should consider entering a sell position; you can also wait for a retest of the fixing level; to enter, the level is 0.60552 with targets for the level of 0.59408 What can you expect? You can consider entering from the level 0.60851 - 0.60552 with further movement to the target 0.59408. Cancellation of the idea so as not to take increased risk on the idea levels beyond the maximum of the impulse wave on D1 - 0.61321 Short Targets 0.60370 - 0.59910 - 0.59408 - 0.58575
Short
by Trade_Hive_Signals