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Traders need to bear it in mind that we’re just seeing the beginning of another bear markets in Forex. Price is the leading indicator and it should act in helping traders know the next thing to do, which is the assumption of short trades in this context. In the world of trading, price is king.
We see the overall bias as having been established bearish when the pair broke key multi-month rising trend line support in August and will treat a bounce as a selling opportunity. Initial resistance stands in the 0.7971-0.8110 region.
NZD/USD consolidating near the area 0.7735-0.7755. Trade balance of NZD is negative. But we can now see a rally from here due to short covering. Buy limit for order 0.7745 Target 0.7825. stop loss of 0.7720. 0.7825 may act as a primary resistance.
the pair and as we can from the chart has stated it's trading week above the level of 0.7700 and that's mean that the up trend is expected and the pair might head to 0.7750 and then 0.7780 how even if the pair make any hourly correction
now this pair broke the line
another fall is still possible .but it's good to wait the re-test then go short from there
a clear break above this trend line again means rise could be continue
good luck
Because of the pair has failed in breaking 0.7800 and bounced from it , so that's mean the up trend is expected and the pair might head to 0.7735 and then 0.7700
in pairs, I also get the loss. core of this system should actually see a clear trend.
we follow the trend up in h4. I opened an instant buy position and one pending order.
the pair and as we can see from the chart has closed it's daily candle under the level of 0.7800 , so , that's mean the down trend is still standing and the pair is heading to 0.7770 then 0.7740
If a M15 close above 0.8000 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7700 sell only and do not buy. If price closes back above it again do nothing
The range 0.8000 and 0.7700 is neutral area, any trade done in between is personal decision and not part of this analysis
reversal candle stick has been appeared , so up movements
till 0.8184 will be expected then strong falling down again
as you see in the folloing chart.