A Brief Analysis of NZDUSD on the 1-Hour Chart
In this concise analysis, we explore NZDUSD on the 1-hour timeframe.
Interesting Setup:
"NZDUSD is looking very interesting on the 1-hour timeframe" suggests compelling developments on the chart that deserve attention.
Pullback and Fibonacci:
"Pullback is complete and respected the golden area (Fibs levels)" signals the end of a temporary price reversal, with the pullback respecting a significant Fibonacci retracement level.
Target Levels:
Two target levels are presented:
Target 1: 0.60380
Target 2: 0.60780
These levels serve as potential price points based on technical analysis
Interesting Setup:
"NZDUSD is looking very interesting on the 1-hour timeframe" suggests compelling developments on the chart that deserve attention.
Pullback and Fibonacci:
"Pullback is complete and respected the golden area (Fibs levels)" signals the end of a temporary price reversal, with the pullback respecting a significant Fibonacci retracement level.
Target Levels:
Two target levels are presented:
Target 1: 0.60380
Target 2: 0.60780
These levels serve as potential price points based on technical analysis
Trade closed: stop reached:
Got a little busy and not able to put a update on this trade.
USD went heavily to the downside.
So my position got taken out break even..
USD went heavily to the downside.
So my position got taken out break even..