ForecastCity

💡Don't miss the great sell opportunity in NZDUSD

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7004).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 33.

Take Profits:
TP1= @ 0.6967
TP2= @ 0.6945
TP3= @ 0.6921
TP4= @ 0.6896

SL: Break Above R2

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Comments

Nicely done. Keep it up!
+1 Reply
ForecastCity yusufipek1989
@yusufipek1989, Thank you! Hope it's inspiring.
Reply
I agree with you.
+1 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, Thank you for your comment.
Reply
Nice overview of the trade, thanks for sharing
+1 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, You're welcome!
Thank you for your comment.
Reply