ChrisThein
Short

NZD/USD 30 min Bull Trap and Daily Bearish Flag

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Looks we have a potential Bull Trap on the 30min. Over all the trend has turned bearish , making lower lows and lower highs. There is even a Bearish Flag on the Daily chart . I'm looking for price to breakout of the channel past resistance at .6760's and the .382 fib back to .6794. There is a 1.618 inversion that lines up with the . 618 retracement . There is also a big fat juicy red candle that opened at this area; also a fresh supply zone for you S&D traders. To add we have the .6800 even handle a few pips away for added resistance. I'm looking to get short at.6794 with my stop at .6818. My first target is at .6760, where the potential breakout starts and a follow up target at .6710. Good luck trading out there.
Comment: Price hit target one.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out