{"id":12012,"date":"2022-05-26T08:18:33","date_gmt":"2022-05-26T08:18:33","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12012"},"modified":"2023-05-10T08:20:24","modified_gmt":"2023-05-10T08:20:24","slug":"nzdusd-wait-for-these-levels-to-sell","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/05\/26\/nzdusd-wait-for-these-levels-to-sell\/","title":{"rendered":"NZDUSD Wait for these levels to sell"},"content":{"rendered":"

 <\/p>\n

The NZDUSD pair has been trading inside a one year pattern that resembles a Bearish Megaphone. Below you can see the most recent trade on the pair:<\/p>\n

\"NZDUSD<\/a><\/div>\n

Recently on May 12, the price made a Lower Low and has been rebounding since. As you see within this pattern, a common characteristic of all rebounds but one is that they have been just over +5.00%. Exception is the one in February that rose by roughly +7.70%.<\/p>\n

The current rebound is almost at +5.20% and taking into account that this is where the 0.382 Fibonacci retracement level is as well as the May 05 High (and current Resistance) of 0.65680, makes it a strong candidate for rejection.<\/p>\n

However, the RSI is still only at 49.50 and the Lower Highs Sell Zone is way above (67.50 – 73.00). Even the April 2021 rebound reached the 63.75 1D RSI level before turning sideways and eventually getting rejected.<\/p>\n

As a result, dedicate only a small portion for selling here, most should be done after a +7.70%, roughly at 0.6670, which is also marginally below the 0.618 Fibonacci retracement level and by the time where the 1D MA200 (orange trend-line) is likely to be.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/NZDUSD\/NAPmy4nH-NZDUSD-Wait-for-these-levels-to-sell<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The NZDUSD pair has been trading inside a one year pattern that resembles a Bearish Megaphone. Below you can see the most recent trade on the pair: Recently on May 12, the price made a Lower Low and has been rebounding since. As you see within this pattern, a common characteristic of all rebounds<\/p>\n","protected":false},"author":611,"featured_media":12013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12012"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12012\/revisions"}],"predecessor-version":[{"id":12015,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12012\/revisions\/12015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12013"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}