NZDUSD Analysis November 14, 2021
We are looking for a swing trade so I will utilize the weekly and 4 hour timeframes to make my decisions. On the weekly timeframe we look for three things in particular which are our key levels, patterns and candlestick analysis. On the 4 hour timeframe we focus on using most of our technicals which is including fibonacci, support and resistance , supply and demand zones, market structure, candlestick analysis etc. On crypto we are looking at the Daily and 1 Hour timeframes to take trades when they are ready.
Weekly: We can see that price made it’s push down from the weekly key level which was as to be expected. I still see there being more room for this to push downward. We formed some rejection to end last week of the psychological level 0.7000 so we will wait for a pullback before entering on this one.
H4: We can see that price is already moving back to the upside on this pair. The level to wait for a retest would be around 0.70800 as it acted as a previous level of S&R. Upon rejection o this area we will take shorts and look to ride this thing to the downside.
Weekly: We can see that price made it’s push down from the weekly key level which was as to be expected. I still see there being more room for this to push downward. We formed some rejection to end last week of the psychological level 0.7000 so we will wait for a pullback before entering on this one.
H4: We can see that price is already moving back to the upside on this pair. The level to wait for a retest would be around 0.70800 as it acted as a previous level of S&R. Upon rejection o this area we will take shorts and look to ride this thing to the downside.