Nzdusdidea
NZDUSD Bearish Pennant Pattern BreakoutVery simple trading pattern forming in the direction of bigger picture trend. We will wait until we see a bullish correction
on the smaller time frames before looking for an entry. Once this correction is complete we will then enter short as long
as we think we can achieve a minimum of 1 to 3 risk reward on this particular trade.
NZDUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZDUSD SELLSHello traders we are looking out for NZDUSD sells movement all we wait for is for price to test back our 0.61 fib lvl which is 0.62274 area take profits lvl 0.60972 for about 133 pips and my stop loss lvl is 0.62551 , risking about 24 pips on this trade tell me what you guys think this trade
20 Reason For sell NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: after forming a church in 2007, the price is currently in sideways to upside
phase yet grab all bearish liquidity and now ready for a bull move in my point of view based on the 12-month chart
2:📆Monthly: clear downtrend here, but the last low is not all its lower high, so the downtrend is halted here in this tf price is officially sideways
3:📅Weekly: price breach recent OB also breach recent pullback, so probability it may go up to premium area or extreme OB so we can open only buy positions in this pair in coming weeks
😇 7-Dimension Analysis
🟢 Analysis Time Frame: Daily
1 Price Structure: The price structure is showing a change in character and starting a new impulsive move.
2 Pattern Candle Chart: A bearish momentum candle known as the Boji classic pattern has appeared.
3 Volume: There is not much support from the volume.
4 Momentum (Unconventional RSI): The RSI has encountered resistance at the 60 level.
5 Volatility Measure (Bollinger Bands): The Bollinger Bands have shown a head fake with a bearish momentum candle.
6 Strength (ADX): The bearish DMi has gained strength.
7 Sentiment (ROC): There has been a sharp change in the sentiment over the last week.
✔️ Entry Time Frame: H4
Entry Time Frame Structure: Bearish.
Entry Move: Impulsive.
Support/Resistance Base: Waiting for H4 trend line.
FIB: Trigger trend line has also been breached.
☑️ Final Comments: Sell at the breakout.
💡 Decision: Sell.
🚀 Entry: 0.6223.
✋ Stop Loss: 0.6277.
🎯 Take Profit: 0.6102.
😊 Risk to Reward Ratio: 1:3.
🕛 Expected Duration: 3 day