NU Trading Plan - 9/Jun/2024Hello Traders,
Hope you all are doing good!!
I expect NU to react from the highlighted zones.
Currently NU is in bigger correction & I am still seeing the potential bigger move towards upside.
Plan to Trade:
If market starts to correct from current levels upside and hit the highlighted zone, then short term sells are possible.
0.605 will be the area where I will start to look for my BUYs.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Nzdusdlong
NZDUSD - Long after filling the imbalance !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block.
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NZDUSD Bullish setups**Monthly Chart**
NZDUSD last month's candle closed bearish only to test liquidity near the previous swing low. This month candle opened near the close of the previous candle and started to move aggressively higher. If this move sustains then we will be looking for the next target around 0.6400 level and then 0.6600 (around 400 pips from where the price at).
**Weekly Chart**
Last week candle closed bullish as a continued move from the previous week. There were good buying opportunities on smaller time frames in the previous weeks. This week we will be looking for any trading opportunities on the retracements for good swing trades towards the next target.
**Daily Chart**
For the next two weeks, I will be looking for the price to retrace lower and provide buying opportunities. For selling opportunities, it will be short-term near the 0.6250 level if the price is unable to break the high. We might see a strength of the USD index for a short-term swing to the downside. But the main opportunity is for long setups as of now.
On 22nd May, there will be Red Folder news on NZD which might push the price of NZD pairs lower, then we will see how the market reacts to the news. Either way, it will provide a good trade setup for our next move.
NZDUSD WEEKLY UPDATEHello trader here is an update on NZDUSD as you can see the price has been bullish as was predicted in my setup weeks ago and now the price has reached a level of resistance so now I will wait for the price to break this level of resistance and turn it into support then I will add another buy trades. NB I am still holding my buys.
THIS IS NOT FINANCIAL ADVICE
NZDUSD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
NZDUSD DAILY CHART ANALYSISHello traders, here is a setup of NZDUSD as you can see the price created a falling wedge pattern which signals a bullish reversal and the price has already broken the structure or the pattern so now I will wait for the price to pullback into the resistance zone that will act as support and look for bullish reversal patterns or candle sticks in the support zone.
NZDUSDThe NZD/USD pair has shifted to an uptrend following a breakout from a descending channel pattern. This bullish breakout indicates a potential reversal of the previous downtrend, suggesting increased buying pressure. Traders might see this as an opportunity for long positions, anticipating further upward movement in the currency pair.
NZDUSD to find buyers at market price?NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6125 will confirm the bullish momentum.
The measured move target is 0.6175.
We look to Buy at 0.6100 (stop at 0.6075)
Our profit targets will be 0.6160 and 0.6175
Resistance: 0.61250 / 0.6150 / 0.6175
Support: 0.6100 / 0.6075 / 0.6050
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDUSD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance and then rejects from bullish order block
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NZDUSD BULLISH MONEY HEIST PLAN TO STEAL EVERYTHINGMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of NZD/USD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
NZDUSD: Has bears given up? Possible Swing BuyingOANDA:NZDUSD
We have possible buying opportunity on NZDUSD, on two day time frame price had rejected on ' discounted price zone' indicated a proper bullish reversal and the second confirmation is that price created strong lows and failed to break previous strong lows. In our view, price is likely to fall under our entry/demand zone and rebound strongly which will lead to our target zone eventually. This is a swing trade, so it will take days or months to be completed,; however, you can close the trade at your own decision. Good luck and trade safe. Like,comment and follow for more❤️
the price is trading above the Ichimoku cloud NZDUSD LongThe buy zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading above the Ichimoku cloud, which is a good sign of bullish momentum. Let's see how this plays out
Potential Trade Opportunity:
Currency Pair: NZDUSD
Position: long
Risk to Reward Ratio: 3R
Trade Parameters:
BUYLIMIT:
Entry Point: 0.60009
Stop Loss: 0.59961
Take Profit: 0.60157
Disclaimer:
This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past performance is not necessarily indicative of future results. The provided entry, stop loss, and take profit levels are based on analysis at the time of publication, but market conditions may change rapidly, leading to losses. Traders should conduct their own research and consider their risk tolerance before executing any trades. We do not guarantee the accuracy or completeness of the information provided, and we shall not be liable for any losses incurred in connection with this trade signal. It is recommended to consult with a qualified financial advisor before making any investment decisions.
NZDUSD FOR A 200 PIP DOWNSIDE MOVE?We are interested in shorting NU for glaring reasons.
On the monthly weekly and daily timeframes, price is clearly trending to the downside. Price broke below 0.6000 and is now testing the level as resistance. As long as price does not break above 0.60, this trade idea remains valid.
There's a huge potential for 200 pips if this trade idea plays out. Our next level target is set at 0.58.
Markets next move awaits Fed speeches this week Markets next move awaits Fed speeches this week
In April, the US economy saw a modest increase of 175,000 jobs, marking its slowest growth in six months, notably below market projections of 243,000 and a considerable drop from the robust 315,000 jobs added in March.
So, now we know the NFP data from last Friday, has this changed investors' outlook for fed rate cuts, and subsequently limit the recent strength in the USD? After the NFP, the USD was weakest against the NZD, falling by a little more than 0.75%.
The market might want to see a few more similar NFPs before they really get their hopes up again though.
Consequently, the prevailing sentiment might still be tilted in favor of the NZD/USD sellers. Any bullish sentiment that lingers may need to await the pair's crossing of the 50 and 200-day SMA in the upcoming trading sessions.
The upcoming week is marked by significant speeches from Fed officials, events that could potentially quash the NZD's upward momentum. This limitation on the NZD's upside potential might be reflected across all major currencies.
Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance.
NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect downside move after price filled the imbalance and rejected from bearish order block + institutional mid figure 0.60500.
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NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here price respected my last analysis and filled the imbalance, now we can see a rejection from bearish order block + FIBO 0.5 level. I expect price to continue bearish move to take liquidity below equal lows.
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NZDUSD to turnaround?NZDUSD - 24h expiry
Price action looks to be forming a bottom.
Price action has continued to trend strongly lower and has stalled at the previous support near 0.5875.
A move through 0.5925 will confirm the bullish momentum.
The measured move target is 0.6000.
The RSI is trending higher.
We look to Buy at 0.5925 (stop at 0.5895)
Our profit targets will be 0.5995 and 0.6000
Resistance: 0.5950 / 0.5980 / 0.6000
Support: 0.5925 / 0.5900 / 0.5880
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.