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Lingrid
Oct 22, 2020 7:55 AM

NZDUSD good SELL SIGNAL Short

New Zealand Dollar/U.S. DollarFXCM

Description

Since July, the price has been moving within the boundaries of two lines: resistance and support, which were formed in the spring of 2020.



At the auction yesterday, the price touched the resistance line, rolled back a little and now price again has almost come close to the this line thereby entrenched on it. And this is a good signal to open a sell trade! In this case, SL should be installed slightly above the resistance line. TP - at the support line.
Comments
Solldy
Thanks for idea!
Lingrid
@Solldy, 🥰
Helena_FX
It didn't work out. Forex is unpredictable :)
FXCM
Great Idea! We have our own view here too, please check it out!
Lingrid
@FXCM, thanks for idea
nacheetos
Is this still valid? been trying to push up for awhile now.
Lingrid
@nacheetos, yes
hold
Saeed966
thanks for sharing! this is what I see on NZDUSD :
Lingrid
@Saeed966, good channel
thanks
FiksonFX
Great Idea!
I agree.

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