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mohemati
Jan 14, 2021 12:52 PM

NZDUSD selling trading opportunity Short

New Zealand Dollar/U.S. DollarFXCM

Description

Hello guys, hope you are all well.
NZDUSD seems like is providing us with a good selling opportunity. But it's better to wait and see if the price can First close below the shown level, then if there are any confirmation to the broken level its good place to open a short position.

Comment

Today as a last trading day of the week we can see a beautiful bearish candle with a good downward momentum.
But as I said before we need to wait for a clear breakout of the resistance level, then retest to a level.
If all off these things take place we can open our sales position and hopefully have a nice profit from this market.

Notice: this is just a trading idea and you should also check it with your trading strategy and your trading style and there is no guarantee that the market will move just the we want it to move
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