dzhanalyst
Short

NZD VS USD BEARS ARE COMING BUT Carefull

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
1) NZD VS USD BEARS ARE COMING BUT carefull

Pair – NZD USD 1D TIME FRAME


3) SUPPORT & RESISTANCE LEVELS

R1 = 0.74830
R2 = 0.77740
S1 = 0.72000
S2 = 0.69000

4) Bullish or Bearish ( LT , MT, & ST )

ST Bullish (Short Term)

MT – Bearish (Medium Term)

LT - Bearish (Long Term)

5)Trade Distribution Probability:

Bulls: 20 %

Bears: 80 %

5) FINAL THOUGHTS

It's High time to cash out for the bulls. Last time in 2016 October price heavily fall from this level after one rejection candle then consistent bear candles. Weekly resistance also showing the probability of price fall. My first target is clear 0.7200 . Wait for rejection then enter with money management.

0.74830 if broken heavily then there will be a clear counter trend to upward targeting 0.77740

Happy Trading.
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