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Pullbacks In NZDUSD Will Provide Us Sell Opportunity

Hi Traders! Pullback in NZDUSD will provide us sell opportunity. A detailed analysis of this setup is as follows:

NZDUSD H4 Chart:

On the H4 chart we had a special cycle which has completed itself, now the retrace is happening. The price has currently reached the 38.2% – 50% of the fibo retrace zone. We don’t have any confirmation for bullish reversal yet so we may expect this bearish momentum to continue further.

 

NZDUSD H1 Chart:

On the H1 chart the price which was moving inside the channel has broken out at the bottom of this channel and is moving lower (After the breakout the bottom of this channel is now acting as a resistance zone). In addition to this inside the channel we also had a triple cycle down followed by double cycle up and we also got the breakout of the uptrend line opening the door for the bears. Currently the price is in a bearish momentum and there is no evidence for bulls yet, hence continuation of this bearish momentum is expected. We may now look for pullbacks to happen with hidden bearish divergence to form and once this pullback completes itself, we can start looking for sells.

Note: If you are not sure about how to trade this setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.

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Yours for your success,

Yordan Kuzmanov

Chief Trader at Traders Academy Club

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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