Happy Corner: Kiwi (NZD) pairs

[happypip]

I hope the down trend continues because after the interest rating announcement it rallied like crazy up and keep going up

(first post)

Hi! Thanks for posting here! How was your trade? Looks like the pair broke above the channel and is using the previous resistance as support right now.

[happypip]

After bouncing from the .8100 handle last week, NZD/USD looks like it’s forming a bullish pennant on the 4-hour chart. According to the School of Pipsology, pennants are usually continuation signals. Will it hold true for Kiwi this time around?

[happypip]

After several unsuccessful attempts at breaking beyond the .8350 minor psychological level, the pair seems ready to test the resistance once more. It still has a long way to go though, so you might have to wait until the middle of the week if you're planning to short around .8350. Be sure to wait for stochastic to reach the overbought mark and turn downwards before jumping in.

[bygjj]

After several unsuccessful attempts at breaking beyond the .8350 minor psychological level, the pair seems ready to test the resistance once more. It still has a long way to go though, so you might have to wait until the middle of the week if you're planning to short around .8350. Be sure to wait for stochastic to reach the overbought mark and turn downwards before jumping in.

Since I started babypips, I am always looking forward to reading your setups. I really appreciate your input. Im long in this NZD USD trade for 3 week now. 3/4 of my TP is at 83. Hope it hits it tonight. This is the first time I stayed with a pair this long. I am not so sure if I just got lucky. I hope to duplicate it though. Thanks a lot.

[happypip]

Since I started babypips, I am always looking forward to reading your setups. I really appreciate your input. Im long in this NZD USD trade for 3 week now. 3/4 of my TP is at 83. Hope it hits it tonight. This is the first time I stayed with a pair this long. I am not so sure if I just got lucky. I hope to duplicate it though. Thanks a lot.

Aww, how sweet of you! I'll try to keep it up.

Looks like you've hit your PT just a few minutes ago. Congratulations!

[happypip]

If you think that the comdolls are headed south, then this setup is for you! Not only is NZD/USD sporting a bearish divergence on the 4-hour chart, but it also looks like it’s having trouble breaking above the mid-channel resistance! I might place a stop loss above .8200 if I get more signals for a short trade.

[Bijoymj]

Hmmmmmmmm............

I too.........



Expecting a downside breakout ..........

[happypip]

Here's an update on NZD/USD's 4-hour falling channel. It's still holding like a boss! Well, at least for now. The pair is moving in the middle of the channel and appears ready to test the resistance once more. However, stochastic is already in the overbought region, suggesting that Kiwi bears are itching to push this pair down and close that weekend gap.

[Bijoymj]

Here's an update on NZD/USD's 4-hour falling channel. It's still holding like a boss! Well, at least for now. The pair is moving in the middle of the channel and appears ready to test the resistance once more. However, stochastic is already in the overbought region, suggesting that Kiwi bears are itching to push this pair down and close that weekend gap.

Seems Better to short now on Double top @ 0.8165.

[Bijoymj]

I am seeing the pair as below.



Any comments ?