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ForecastCity
Oct 15, 2020 5:50 PM

πŸ’‘Don't miss the great sell opportunity in NZDUSDΒ Short

New Zealand Dollar/U.S. DollarFXCM

Description

β‹…
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.663). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 0.6570
TP2= @ 0.6510
TP3= @ 0.6445
TP4= @ 0.6375
TP5= @ 0.6240

SL: Break Above R2

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Comments
sara-kian-fx
β‹…
That's very nice idea.
Thanks for your efforts!
ForecastCity
β‹…
@sara-kian-fx, You're welcome! πŸ’ŽπŸ™πŸ’Ž
Pro_Trader_007
β‹…
Going on it, thanks! πŸ‘
ForecastCity
β‹…
@Pro_Trader_007, You're welcome! πŸ’ŽπŸ™πŸ’Ž
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