NZDUSD BEARISH MOVE EXPLAINED +40 PIPS

Name: NZDUSD BEARISH MOVE EXPLAINED +40 PIPS
Uploaded: 2023-07-11T06:39:42.095264
Channel: MoneyMantraCha
Description: NZDUSD was bearish last night and this trade idea hit TP1. My sell limit idea triggered at 0.62200 with prior rejections to this area, the MOM facing down and the Stoch crossing back below the 80% line from being overbought. Bears have some power left and I would not be surprised to see a TP2 and TP3 on this trade.

Short

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)

Updated

FX:NZDUSD New Zealand Dollar / U.S. Dollar

Trend Analysis Chart Patterns Technical Indicators

trendanalysis chartpattern indicator

NZDUSD was bearish last night and this trade idea hit TP1. My sell limit idea triggered at 0.62200 with prior rejections to this area, the MOM facing down and the Stoch crossing back below the 80% line from being overbought. Bears have some power left and I would not be surprised to see a TP2 and TP3 on this trade.

Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.