Vladimir Ribakov analyzes NZD/USD on the weekly and lower timeframes, identifying a bearish channel with three lower highs and lows. He spots a failed corrective pattern and positions the pair as a short-trade opportunity, with a key high marking the invalidation point for the bearish bias.
Chapters
Hello traders, how are you? Vladimir here from Traders Academy Club, and in this video I would like to share with you a very interesting technical analysis and trading idea, trading opportunity, um, on the New Zealand dollar, which I find to be very interesting technically speaking. But before I do that and go to the charts to show you the exact technical setups, why do I find it interesting, if you are new to this channel, welcome to our amazing community. Please subscribe with the subscribe button below the video and just remember to enable the notification, the ring notification, so you know when there is new content available for you. And also I would like to invite you to join our trading family, Traders Academy Club. where you would enjoy all our trading ideas and our real-time trading education delivered to you with detailed explanation videos and fully track-recorded trading journal. To join our family, please follow the link below the video in the description or in the pinned comment in the comment section. So what do we have on the New Zealand dollar and why do I find it interesting? Follow— to follow our discussion we had in the podcast, the recent podcast we've had A week ago or two weeks ago, and if you missed it, you can find it in the YouTube channel or right now on the right top corner of this video. You can find a direct link. We were talking about the dollar strengthening, both technically speaking and of course the fundamentally. Following that, I take a look on the New Zealand dollar weekly chart, and what I see here very interesting is. That we are currently in a bearish structure. 3 lower highs, 3 lower lows in what seems to be a bearish channel. The interesting part is that the next consolidation zone right here, it's lower, as you can see. So the way I see that, with this pullback, there is still room to push down back to the volume zone and maybe to go and retest the previous swing lows Of the downtrend. This is the downtrend we've had before. That's the most recent swing lows. There is a good chance the market is heading there exactly. Sorry, taking this analysis to the lower time frame, what I see here, it's the ongoing bearish momentum, bearish structure. Then we've had a bullish divergence, but we already had a correction. The interesting part here is the correction upside. It's only in 2 ways. Okay, so we had basically A, B, C, D correction. And besides that, as you can see, we never managed to get a close above this recent high. So the way I see that, a break below this channel should be a good sign. And then with the pullback, I would expect to see further continuation down Providing us great opportunities to trade. On the lower time frame, we already can see that the market is trying to develop the next momentum. 3 lower highs, lower lows. So again, we want to see the daily channel going down, retesting that, and sell would be our direction. Invalidation for the whole bearish idea at the moment is this key high. As long as it holds, I believe the direction for us is bearish. So the New Zealand dollar is added to the 2 great opportunities I shared with you in the weekly forecast, which were the dollar-yen and dollar-cad. You can— if you missed that, again, you can find it in the YouTube channel, or now on the top right corner you can find the direct link to this video. And I would like to ask your support, your help. If you find these videos I publish useful, helpful, um, and you have your benefits, so feel free to watch, to share this video with anybody who wants to watch and can have other benefits by watching that. And also please hit this like button below the video, drop some feedback in the comment section, um, below the video. Your help is huge help to the channel, and thank you very much in advance to all those of you who take the time, um, and support my work. So, uh, that's pretty much it for, uh, this video. Uh, I hope you find it again useful, helpful, interesting, and, um, educational also. And for all the rest our real-time trading ideas and our real-time trading education, follow the link below the video in the description or in the pinned comment. Join our trading family, Traders Academy Club, and, uh, I'll see you there. Thank you for your time. I wish you great trading, fantastic week ahead. I'll see you soon with more videos. Bye for now.
