💡 Two Sell opportunity in NZDUSD , Mid-Term & Short-Term

Mid-Term Forecast:

Second Chance Trade Setup summary:

Profit targets= 3923 pip = { TP1 =104 + TP2 =219 + TP3 =344 + TP4 = 579 + TP5 = 639 + TP6 =789 + TP7 =1249}
Stop Loss =497 pip
Reward/Risk > 7.9:1

New Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6719) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
TP1 = @0.6615
TP2 = @0.6500
TP3 = @0.6375
TP4 = @0.6240
TP5 = @0.6080
TP6 = @0.5930
TP7 = @0.5470
TP8 = Free

SL= Break above 0.6790

-----------------------------------------------------------------------------

Current Status of First Sell:

Total Profit: 570
Closed trade(s): 52 Profit
Open trade(s): 518 Profit

Trade Setup:
We opened 8 Sell trade(s) @ 0.6667 based on 'previous Forecast' at 09.21.2020:

Closed Profit:
TP1 @ 0.6615 touched at 2020.07.28 with 52 Profit.


Open Profit:
Open trade is 0.6593(current price) - 0.6667(open price) = 74
7 trade(s) still open, therefore total profit for open trade(s) is 74 x 7 = 518

Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Short-Term Forecast

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6614).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.

Take Profits:
TP1= @ 0.6575
TP2= @ 0.6500
TP3= @ 0.6446
TP4= @ 0.6375
TP5= @ 0.6333

SL: Break Above R2

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️