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KaltoireCapital
Oct 12, 2020 9:23 AM

NZD/USD Price actions looks bearish on the hourly chart Short

New Zealand Dollar/U.S. DollarFXCM

Description

NZD/USD price action is looking a little bearish on the hourly chart.
Price is unable to break out of the supply zone.

At the same time, we can see the formation of bearish candlesticks
on the supply zone. A strong break below 0.6645 level with a bearish
impulse will confirm the drop.

Possible targets would be 0.66 and 0.6550

Trade closed: target reached

100 pips profit
Comments
InkyGrip
Thanks for sharing this idea! 🦐
Dave-FX-Hunter
Looks bullish to me but I can be wrong.
KaltoireCapital
@DaweFXHunter, yeah mate. You were wrong
SunnyHillCapital
Playing out as expected, so far. Let's see if NZDUSD can continue trending lower. Thanks for sharing!
SpartaBTC
excellent analysis
PolarHusk
This area must defend by the Bears in the short term. Thanks for sharing your idea 🐻‍❄️😃
kside
Nice Analysis
KaltoireCapital
@kside, Thank you
YourLazyTrader
Good analysis. It's dropping
KaltoireCapital
@ProCFDTrader, Yes, it is
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