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Nzdusdforecast

NZD/USD Short Entry UpdateHey Guys! The Nzdusd's daily bias became long yesterday, or in other words, price is likely to reach 0.7034 before reaching 0.6724. So I took a long entry a couple of hours ago at 0.6804 with its stop loss at 0.6724 and its main target at 0.7034. In this video, I explain the reasoning for the short trade abort yesterday, and moreover why I entered long today and further explain what I'll be looking for in terms of trade management for this long entry. That's it! I'll keep you guys updated! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
1
NZD/USD Short Entry UpdateHey Guys! The daily bias was short. Or in other words, price is likely to reach 0.6724 before reaching 0.7034. So I took a short entry yesterday at 0.6908 with a stop loss at 0.7034 and its main target at 0.6724. However, there were signs of lower time frame strong long strength kicking back in, so I just abort the short entry at 0.6877. In this video, I explain the reasoning for the abort, and moreover what I'll be looking for in terms of trades on the nzd/usd. That's it! I'll keep you guys updated! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
NZDUSD LONG - Buy Entry - H4 ChartNZDUSD LONG - Buy Entry - H4 Chart Buy @ Market Symbol: NZDUSD Timeframe: H4 Type: BUY Entry Price: Buy @ Market Resistance @ 0.71561 Pivot Point Yearly @ 0.70035 Resistance @ 0.69774 Support @ 0.69142 Support @ 0.68767 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
NLong
by UnknownUnicorn35780991
NZD/USD Long Entry UpdateHey Guys! As you guys know, I took a long entry yesterday at at 0.6786 with a stop loss at 0.6774 and its main target at 0.6925. However, last night I aborted the entire short entry at 0.6798 for 15m short strength was kicking back in . Moreover, the daily bias for the time being is still long in my opinion. However, the nzdusd's daily bias is changing its mind by the day. Since this mind changing is indicative of volatile markets, lets trade with care. That's it! I'll let you know when I take another trade on this pair! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
1
NZD/USD Long EntryHey Guys! Wild markets! As you guys know, I aborted the previous short entry 2 days ago for a small profit and just took a long entry several minutes ago at 0.6786 with a stop loss at 0.6774 and its main target at 0.6925. This video explains the reasoning behind this long entry as well as key trade management I plan to implement. Again, there is volatility in on this pair, so I'll keep you guys updated for any changes in trade management. That's it! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
1
NZDUSD | Perspective for the new week | Follow-up detailsPrice action moved over 250pips move in our direction to hit profit target since my last publication on this pair (see link below for reference purposes). With a simple technical structure on the weekly chart; It seems that the New Zealand dollar’s mini-rally appear to have come to a halt, as NZD/USD pair posted slight losses during the course of last week's trading session as the rejection of the N$0.69000 level remained strong into the weekend. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Breakdown) Observation: i. For over a year now, the Kiwi has been on a downward spiral as it dropped 12.5% against the USD. ii. A visual representation of a trend after connecting a series of prices with a line drawn above pivot highs shows the prevailing direction and speed of price in the last 13 months. iii. The successful breakdown of the N$1.69 level in November 2021 which is followed by multiple rejections of this area emphasizes the selling pressure from this juncture in the last 4 months. at this juncture in the market. which iv. It is worthy to note here that the N$0.69 level has been a strong demand level for 9 months before the significant breakdown in November 2021. v. Price is currently at approximate 61.8% retracement of the impulse leg to incite a risk of further decline in price in the nearest future. vi. Based on the current structure on the chart and the inability of buyers to push prices beyond N$0.69, it appears that we might be having a new supply zone within the N$0.69 area and I suspect a choppy scenario within this area in the coming week(s). vii. This being said, I look forward to selling the Kiwi below the key level identified around N$0.6800 with a profit target at 1.27% Fibonacci extension if the bear is strong... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:4 Potential Duration: 7 to 15days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored... I shall be sharing a video of how I am going to take advantage of this trade if the price goes as planned on my new jou tube channel. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
NZD/USD Short EntryHey Guys! The current daily bias on the Nzd/usd is short. Or in other words, price is likely to reach 0.6591 before reaching 0.6924. So I enter a short entry at 0.6850 on Thursday with a stop loss at 0.6924 and its main target at 0.6720. In this video, I explain the reasoning behind the short entry as well as future trade management of this trade. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1