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NZD/USD

  • #12,681
  • Edited 8:17pm May 4, 2017 11:42am | Edited 8:17pm
How the hell did I end up here? Hi NZD crew. Was trying to post in the Eur thread sorry.
was talking about magix u fool
Founder of Sutherland Wave Principle
  • #12,682
  • May 4, 2017 2:19pm May 4, 2017 2:19pm
Quoting suthmo
{quote}Another suthmo basher.
F.O.
  • #12,683
  • May 4, 2017 4:59pm May 4, 2017 4:59pm
long again...0.6852
  • #12,684
  • May 5, 2017 5:56am May 5, 2017 5:56am
Quoting ruma29
long again...0.6852
closed +45
  • #12,685
  • Edited 8:56am May 5, 2017 8:45am | Edited 8:56am
short with target 0.68 and stop above 0.6920
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 131 KB
Don't Worry Be Happy
  • #12,686
  • May 8, 2017 4:39am May 8, 2017 4:39am
There is a good chance NZD/USD long trade can be the trade of the week. However in order for this to be a true reversal we'll need a close above the big psychological number 0.7000 on a daily closing basis. Let's not forget that Thursday we have the RBNZ interest rate decision so that can be a good catalysts to trigger such a move.

Both Morgan Stanley and Barclays have issued as the trade of the week the AUD/NZD sell at the market with a target of 1.0300 respectively 1.0600
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi1.JPG Size: 78 KB


Regards,
1GoodTrade
My Twitter: https://twitter.com/Daytrader213
  • #12,687
  • May 8, 2017 8:07am May 8, 2017 8:07am
Quoting MrPresident
short with target 0.68 and stop above 0.6920 {image}
it can't get above the 20 day moving average and my stop is safe lol
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Don't Worry Be Happy
  • #12,688
  • May 8, 2017 8:13am May 8, 2017 8:13am
Quoting MrPresident
{quote} it can't get above the 20 day moving average and my stop is safe lol {image}
it can and it is just question of time.
  • #12,689
  • May 8, 2017 8:15am May 8, 2017 8:15am
Quoting ruma29
{quote} it can and it is just question of time.
it keeps coming down to 0.6920 and i don't think that it will be bullish this week but we will see if i get stopped out lol
Don't Worry Be Happy
  • #12,690
  • May 9, 2017 3:06am May 9, 2017 3:06am
.69 ish is a good level to consider shorts.
Gone to a better place
  • #12,691
  • May 9, 2017 3:33am May 9, 2017 3:33am
Quoting smikester
.69 ish is a good level to consider shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd170509h1.JPG Size: 105 KB


This level showed as important in December 2015 and October 2015. More recently in March 2017. Nice ready made 1st target. Trade carefully.
Gone to a better place
  • #12,692
  • May 9, 2017 4:38am May 9, 2017 4:38am
Yep going short for .067 is a good choice for now. Playing with some small lotsize. Waiting to buy around .067 or 0.66 with the big boys.
  • #12,693
  • May 9, 2017 6:23am May 9, 2017 6:23am
Stopped out and still looking for shorts...
Gone to a better place
  • #12,694
  • May 9, 2017 7:05am May 9, 2017 7:05am
strong support at 0.6840 and might be a good place to go long
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Click to Enlarge Name: download.png Size: 132 KB
Don't Worry Be Happy
  • #12,695
  • May 9, 2017 7:18am May 9, 2017 7:18am
Quoting smikester
Stopped out and still looking for shorts...
your stop probably needs to be wider

mine is above the 20 day moving average
Don't Worry Be Happy
  • #12,696
  • May 9, 2017 7:50am May 9, 2017 7:50am
Quoting MrPresident
{quote} your stop probably needs to be wider mine is above the 20 day moving average
About .6945 at the moment. Yes, you are right. But I'm trading a different entry strategy based on the hourly time frame and on scalping this initial move, as in the above chart, so I can get more lots in cheaply. I expect a few small losses to start as I build my position. Then I may look at letting the little puppies run. Let's hope we are both right.
Gone to a better place
  • #12,697
  • May 9, 2017 9:12am May 9, 2017 9:12am
Quoting smikester
{quote} {image} This level showed as important in December 2015 and October 2015. More recently in March 2017. Nice ready made 1st target. Trade carefully.
We have a mirror and inverted H&S (H1 chart). Tomorrow we have big news and recently kiwi FA are positive, hence the lowest is 6865 and from this point it will be up. I'm already in and will add if it goes to my lowest level. GL!
  • #12,698
  • May 9, 2017 9:32am May 9, 2017 9:32am
Quoting Fadhl
{quote} We have a mirror and inverted H&S (H1 chart). Tomorrow we have big news and recently kiwi FA are positive, hence the lowest is 6865 and from this point it will be up. I'm already in and will add if it goes to my lowest level. GL!
Good luck with that. I don't agree. The monthly channel (extended bear flag) broke to downside. Last month's candle closed strongly at the year low. April 23rd weekly candle bearish engulfed the last 7 weekly candle (bodies). US dollar bulls are rampant. Longs better watch out and New Zealand won't worry about a little devaluation. Let me know why you are bullish from .6865 please?
Gone to a better place
  • #12,699
  • May 9, 2017 9:42am May 9, 2017 9:42am
Quoting smikester
{quote} Good luck with that. I don't agree. The monthly channel (extended bear flag) broke to downside. Last month's candle closed strongly at the year low. April 23rd weekly candle bearish engulfed the last 7 weekly candle (bodies). US dollar bulls are rampant. Longs better watch out and New Zealand won't worry about a little devaluation. Let me know why you are bullish from .6865 please?
I just shared my thought on another thread: https://www.forexfactory.com/showthr...39#post9846539
In addition, I see in patterns some reliability. In this case, we have two: mirror and inverted H&S. This said I'll adapt my plan after tomorrow's news.
  • #12,700
  • May 9, 2017 9:50am May 9, 2017 9:50am
Quoting Fadhl
{quote} I just shared my thought on another thread: https://www.forexfactory.com/showthr...39#post9846539 In addition, I see in patterns some reliability. In this case, we have two: mirror and inverted H&S. This said I'll adapt my plan after tomorrow's news.
The monthly chart didn't broke yet the June 2016 candle at 6760. As well, the last week we had a nice retrace and this week is struggling at the close of last week. Based on TA, my plan is still viable. GL!
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