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Nzdusddaily

Engulfing kicker at daily resistanceHey guys, today i want to share a traditional structure based trade that's on my watchlist today. On the left hand side of the chart you can see on NZDUSD we are fronting a key resistance level that may stop price action's rally. If you follow me for a while you know i'm a conservative trader and that i need additional reasons for entry in order to set my orders. On the 4 hr chart (on the right hand side) you can see a closer look to the last price action's movements. Price's forming a triple top right now with RSI divergence. From my bigger view i know i want to be bearish and then i'm considering only shorting opportunities. Price is also putting an engulfing kicker which i sometimes use as reason for entry. And that's the case! If the current candle will close below the previous opening i'm going to sell this. With targets and stops as indicated above. Let me know if you have any doubt. Otherwise, see you in the next chart!
Short
by Roker1
so glad we did this!!Morning guys, Weekend is almost over and I will be enjoying the last few hours before the markets opens and another action packed week begins. Recent rallies have been quickly sold implying NZD cannot remain at these higher levels against the dollar. November confirmed the negative momentum and after yesterdays rate further enhancing the negative outlook for weeks to come. have attached the previous nzdusd chart for comparison purposes, all the best with this position into the new year. Likes and comments always appreciated!
Short
by TheBanker
11
NZD/USD, SHORT, DAY CHART (24-DEC-2016)Note: Congratulation to those who follow our winning trade last week. Overall, we are bearish on this pair due to both H&S pattern and the trend following. We have 3 Trading Plans for this trade now: 1. Wait the price correction back to resistance zone, followed by bearish signal to short. Short with right risk amount. 2. Watch the immediate support line at 0.683 level, pullback high likely happen here. Wait for bearish signal to short after breaking this support line. 3. Short now with little risk amount.
Short
by YongLiang
Trend continuation setup on NZDUSDHi guys, after the Trump's election we've had big uncertain moves. Of course in that situation you, as a structure trader, don't want to be involved. Now price is slowly calming down and so we can redo our analysis and we can end this week of trading, hopefully with some pips. This setup is on the daily chart and it is a trend continuation setup: this means that we are recently broke the resistance to the high, giving us reasons to believe the trend is upward. The first zone we have to keep an eye on is the previous resistance that could act a support, then we're waiting into the bottom of the last impulsive move. In this two zones we're going to search for some lower timeframes opportunities in order to get long. Hope this helps. Don't hesitate to ask if you need to. Good luck!
Long
by Roker1
Daily analysis NZDUSD: lots of confluenceHi guys, today i want to share with you some of my analysis on NZDUSD. In order to have a complete vision we have to go on higher timeframes (for me the daily). In this particular case we have a lot of different strategies that are pointing at the same level. As you can read in the chart we have fibs, harmonic moves, harmonic pattern, and most important, STRUCTURE. I want you to understand that the whole process start from structure and from what price gives us as an indication of where it is likely to find some resistance. Now that we have found our potential killzone it's time to search for opportunities in lower timeframes such as the hourly and the 4hr. I'll let you know if i'm entering the market. Hope you all had a great weekend. Good trade!
Short
by Roker1
kiwi/$ shorts pending after current longstraders, i hope you are all ready for this week of firework - i will be continuing to look at carry trades as we expect some reallocation to the kiwi as investors re-consider the RNBZ outlook. Moreover while futures point toward further upside in this weeks milk auction as many of you have seen my related idea which will be the long up til .75x levels (see attached) - all eyes on the fed this week! best of luck and remember to like and comment your ideas they keep my humbled!
Short
by TheBanker