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Attachments: NZD/USD
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NZD/USD

NZDUSD is vulnerable to (short-term) breakdown

Here is NZDUSD market. From first sight, it is clear that the market is moving sideways. It has a balance between buyers and sellers.

How to trade the sideways market? Short from Highs, Buy from Supports.
But P-Ratio indicator (1) gives more advantages. It tells that selling from highs has more chances for success.

The reason - Too many buyers have profits. The market is not interested to make more benefits for them. That is why an idea about rejecting from highs has more weight.

2 - An attempt of bulls to breakout. Increase in volume, but the range is narrow, closing is poor. So. time for shorting.
3 - If you switch to faster TF, you will find a tiny SLKT at the top of this bar. It could be your trigger for shorting.

What is a Reasonable Target? I like Stop Loss Cluster (4).

Follow My Thread
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Oleg Alexandrov, market analyst. Find me in Google
Quote
NZDUSD is vulnerable to (short-term) breakdown

Here is NZDUSD market. From first sight, it is clear that the market is moving sideways. It has a balance between buyers and sellers.

How to trade the sideways market? Short from Highs, Buy from Supports.
But P-Ratio indicator (1) gives more advantages. It tells that selling from highs has more chances for success.

The reason - Too many buyers have profits. The market is not interested to make more benefits for them. That is why an idea about rejecting from highs has more weight.
Hi

When you say "The reason - Too many buyers have profits. The market is not interested to make more benefits for them. That is why an idea about rejecting from highs has more weight." how do you determine too many buyers have profits and the market is not interested to make more benefits from them?
Nil desperandum
News today, but NZD/USD interests me to long, on hour chart last low was quite a bit higher than the range. Will review chart pre news in 90min
This pair's strength is so strong. It refuses to back down. Just keeps making higher lows everyday.
On the 13th of Nov RBNZ took the market by surprise by not cutting interest rates from 1.0% to 0.75%.

0.75% had been priced into the NZD and subsequently the pair is re-pricing.

It is clear on the daily chart that this AUD/NZD has been in a strong downtrend since the 13th of Nov announcement.

There have been no significant pullbacks on the daily chart at any support levels, buying into this pair right now IMO is far more risky than selling into it. On the daily chart below the next significant support zone is delineated at 1.0455. I would not consider taking a position trade at this level, but rather see it as a final target area for shorting into this pair on the current downtrend.

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There are plenty of opportunities to enter short on pullbacks on the 1h / 15 min.

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Nil desperandum
Daily short opp in view, with Mtly n Wkly still higher.
D
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W
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M
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Quoting Squiggles
Daily short opp in view, with Mtly n Wkly still higher. D{image} W{image} M{image}
most brokerages are expecting kiwi to remain on sidelines for the near term. however with huge shorts built up since yesterday risk is to the upside
Quoting giveachance
{quote} most brokerages are expecting kiwi to remain on sidelines for the near term. however with huge shorts built up since yesterday risk is to the upside
I don’t know about any of this information but thanks for quoting me.
#NZDUSD / H4
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wkly
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#NZDUSD / Weekly, Daily & H4 / Bullish Idea
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I might be wrong but i saw cup and handle pattern on nzdusd weekly.

https://www.onlinefinancialmarkets.c...and-Handle.jpg
Quoting Squiggles
wkly{image}

I like ur channel
NZDUSD January

0.69429
0.69301

0.68436
0.68309

0.67881
0.67796

0.67617
0.67562

0.67189 Open

0.66816
0.66761

0.66582
0.66497

0.66069
0.65942

0.65077
0.64949
Quoting fibopedia
{quote} I like ur channel
Thanks Fibopedia, looking good now
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Quoting Squiggles
{quote} Thanks Fibopedia, looking good now {image}

very very nice! congratulation!
NZDUSD H1
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Quoting jpwilkinson
NZDUSD H1 {image}
update: moved S/L and closed trade by mistake
#NZDUSD / Weekly. Daily & H4
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