This is an analysis of NZDUSD. we will be waiting and monitoring the price to either reach the daily support line (in red), or waiting for the price to close a 4h Candle below 0.64040, so we can look for selling opportunities. If the price did not close a candle below this level and retrace, I will look for short term buying opportunities. As you all can see this is a strong support level since it created a several bottoms and retrace from this level. BE PATIENT!
Please note that this not a signal. Instead, it is my own analysis of a forex pair. Think twice before taking a trade.
Risk Disclaimer: Even though local, international stocks, FX, or CFD trading can be profitable, it is, associated with a high risk of losing your investment. The risk will increase when trading on margin carriers. Clients must impose due diligence and be careful when taking their trading decisions. It is the sole responsibility of the client to learn and gain the knowledge and experience required to use the trading platform and whatever would be needed to trade properly.
Please note that this not a signal. Instead, it is my own analysis of a forex pair. Think twice before taking a trade.
Risk Disclaimer: Even though local, international stocks, FX, or CFD trading can be profitable, it is, associated with a high risk of losing your investment. The risk will increase when trading on margin carriers. Clients must impose due diligence and be careful when taking their trading decisions. It is the sole responsibility of the client to learn and gain the knowledge and experience required to use the trading platform and whatever would be needed to trade properly.