SensibullTrading

NZD/USD sell opportunity after RBNZ induced spike

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD/USD has spiked up after the RBNZ meeting. Market participants
reacted positively initially and hence, NZD/USD has spiked up to the resistance
level.

However, the spike may be faded very soon. Price has reached a strong resistance
level and it seems like the bulls might not be able to break it.

So, based on bearish price action, sell NZD/USD@0.7301-0.7320 with SL above
0.7350 and TP at 0.7180
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Comments

Solid set-up. Keep them coming !
+2 Reply
I m long on this one, but is great resistance there, indeed
+2 Reply
I hope that I will not miss this trade. ๐Ÿ‘Š Thank you for letting me know about the meeting. ๐Ÿฎ
+2 Reply
I have the same opinion
+1 Reply
This has good potential. Thanks for the idea
Reply
Good analysis. This sharp impulse will be sold
Reply