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UnknownUnicorn15614419
Apr 6, 2021 6:34 AM

NZDUSD: three touches of resistance - three falls? Short

New Zealand Dollar/U.S. DollarFXCM

Description

In February, the price bounced off the resistance of 0.746 (the line of the main growing turnle since March last year) and began to fall. During the fall, a channel was formed. The chart shows how after each touch of the resistance line (Fall 1.2) the price collapsed to the support line. Now the price is at the resistance 0.706 and can be expected to fall to support 0.676 (strong zone).
SL - 0.717.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.

Comment

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Comments
Henry_Ross
Thank you! 🔥
UnknownUnicorn15614419
@Henry_Ross, 😊👍
KlejdiCuni
I have the same setup on my chart. Well done!
UnknownUnicorn15614419
@KlejdiCuni, It's cool! thank you.
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