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Nzdusdlong

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
NZDUSD | Perspective for the new weekA bullish trendline is identified in the 4H timeframe and this line also shares a confluence with a significant key level at 0.68250. We shall hereby be looking for a breakout of a reversal set-up for a signal to join the potential bullish trend. However, a breakdown/retest of key level might incite a risk of further decline hence the need to be very conscious as we monitor price action. 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.
Long
by darcsherry
🐂NZD/USD LONGNZD/USD has broken areas of resistance on the daily chart. We also see an invers head and shoulders on the weekly chart, signifying a bullish take over. Price broke and retested the major support at 0.68700, and we should only sell once this level is broken. Price is now forming what appears to be a bullish continuation pattern. We should look for out first entries at the supporting trendline when market structure signifies bullish continuations, targets at the resistance above. Second entries when the bugger resistance above is broken OANDA:NZDUSD
Long
by WAR_ON_FOREX