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lehlogonolo
Dec 22, 2018 7:39 AM

Interesting Week Ahead: NZDUSD Short

NEW ZEALAND DOLLAR / U.S. DOLLARICE

Description

If You have a different point of view Please kindly comment or post your chart image below and Substantiate.
*Note this my projection of price behavior and may be used for trading purpose, However CFDs are complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management.Trading foreign exchange carries a high level of risk.

Trade closed: target reached

Comments
howard95
My 1st downside target is daily demand zone at .6650 to .6625, and 2nd target at .6550 to .6500
I'm assuming your target of .6614 is based on support/resistance. I have based my targets on where I've drawn demand zones on daily chart.
lehlogonolo
@howard95, So do i, mine is based on the anticipated demand zone
VasilyTrader
Makes sense, man! Good job
lehlogonolo
@VasilyPonomarev, Thank you
Moagisi
Is it because of the stronger dollar?
lehlogonolo
@Moagisi, a supply of NzdUsd rather
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