BenCheungFx

Trading with zones - NZDUSD Short

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
If we can get a pullback to our resistance area forming a double top we can confirm a reversal of this bullish move in NZDUSD. More recently it has also broken an ascending trendline which already tells us bias has changed. We broke out of this trend perfectly for our daily range where we have a few high volume zones as shown with rectangles. These are potential areas for entry and potential pullbacks you need to watch out for.

Sell NZDUSD upon rejection of the 0.61484 level

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.