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Signal_Centre1
Oct 26, 2020 3:58 PM

NZDUSD Sell Setup. Short

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD - Intraday - We look to Sell at 0.6703 (stop at 0.6722)

Price action has formed an expanding wedge formation.
0.6715 has been pivotal.
Bespoke resistance is located at 0.6700.
The trend of higher highs is located at 0.6705.
A higher correction is expected.
We look to sell rallies.

Our profit targets will be 0.6651 and 0.6631

Resistance: 0.6700 / 0.6715 / 0.6740
Support: 0.6675 / 0.6650 / 0.6620

Trade closed: stop reached

Stop loss reached! -19 pips
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