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neilharveyg

NU - Multi-Time Frame Textbook S/R Setup

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
neilharveyg Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Support and Resistance Pivot Points nzdu nzdusdlong kiwidollar neilharveyg harveygador
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trendanalysis supportandresistance pivotpoints nzdu nzdusdlong kiwidollar neilharveyg harveygador
Price just Bounce off from the 61.8% Fib level and it closed around the monthly pivot point. On the weekly chart, This pair is in range, but I'm expecting for it to retest the range border and break it.

As mentioned, price on the 1D stalled on a slope support. The last 2 candles of the trading week formed into a Doji. Look for a nice setup on the lower TF. I will be updating this post if a good setup in the lower tf may appear.
Trade active:
A nice RR Ratio on the setup: Caveat!
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Comment:
MY USD Bias Would still be bearish until the February High resistance is broken and then retested as a support. The next immediate resistance is the Monthly PP which was rested last week but bears are still on the look out. And if you observe the candles on the 1H TF, so many bull exhaustion.

snapshot
Comment:
DXY UPDATE: After an Impulsive Selling - It's now time for a correction.
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