Why I Think NZDUSD Will Continue To Sell
Hey Rich Friends,
I think NZDUSD will continue to sell. Here is what I am looking at:
- Candles are in a previous resistance/supply zone
- Momentum is negative
- Stoch is facing down, the orange line is above the blue line
You should wait for:
- Candles to close below 0.59750
- Stochastic to cross below 50
- CHECK THE NEWS
I will set a pending order called a Sell Stop around this area. My SL will be above a previous high and my TP will be below previous lows. Good luck!
I think NZDUSD will continue to sell. Here is what I am looking at:
- Candles are in a previous resistance/supply zone
- Momentum is negative
- Stoch is facing down, the orange line is above the blue line
You should wait for:
- Candles to close below 0.59750
- Stochastic to cross below 50
- CHECK THE NEWS
I will set a pending order called a Sell Stop around this area. My SL will be above a previous high and my TP will be below previous lows. Good luck!
Trade closed: target reached:
TP 2 HIT and secured 60 pips.
Waiting for TP 3 to reach 80 pips on this trade.
Waiting for TP 3 to reach 80 pips on this trade.
Trade closed: target reached:
TP 3 HIT!
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