I’ve been watching this too and I’m agreeing with no9to5 on this. I’m going in …
I may be wrong but this looks like the sell off phase just before it takes a dive.
Don’t look now but there’s a bullish divergence right at the bottom of NZD/USD’s 4-hour range! The pair bounced a couple of times off the .8200 major psychological area and it seems that this level won’t give way. If it keeps rallying, it has a good 100 pips to go until the top of the range around .8330.
What do you get when you combine a range and an oscillator? Easy trade setups, of course! NZD/USD has been happily bouncing along a 60-pip range on the 1-hour chart and this time it looks like there’s room for an upside move. Will stochastic skip the oversold region and take the Kiwi on a ride to top of the range?
Looks like the Kiwi’s downtrend is still very much intact! On NZD/USD’s 4-hour chart, the falling channel connecting the highs and lows of the pair is still holding as the pair appears poised to test the bottom once more. However, stochastic is currently making its way out of the oversold territory, suggesting that a Kiwi rally might be in the cards.
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.
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?
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.
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!
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.
Hmmmmmmmm…
I too…
Expecting a downside breakout …
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.
This time I am placing a pending order (Buy Limit) to go long on NZDUSD at the neckline of inverse head and shoulder.
Waiting for a pull back of price to broken neckline of Inverse head and shoulder @ 0.8200 to trigger the pending order.
Here’s another comdoll bullish trade! NZD/USD encountered resistance just below the .8250 handle, and is now forming what looks like a bullish pennant. Will it break to the upside, or will the .8250 level be too much for the Kiwi bulls?
