SonicDeejay

NZD/USD (*A rebound is in play now)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NU

It went below the strong support of 0.68 and a lot of Buys' SL are triggered.
It seems like we are on the reversal mode for now and it should be able to see 0.688 level as strong resistants.

DO not short for now, it is better to wait at the higher significant level.





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Sonic

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Trade active: NZDUSD

We are in profit.
It is still In play as per Plan.

Comment: NZD/USD

It is going as per our analysis, and it shall hit our expected TP level soon.

and Of course, we can't rule out other possibilities along the way too.

But as long as 0.68 and .675 hold well, we shall see it rise UP further.

Comments

Hi mate, so is the active trade long catching the bounce to .6880 or short from this recent bounce?
Thank you
+1 Reply
SonicDeejay Momalven82
@Momalven82, Do not short yet. PA is on bullish side.

It is better to stay with the bullish side for now.
+4 Reply
Momalven82 SonicDeejay
@SonicDeejay, ok thank you for your help and sharing your ideas :)
Reply
Thank you for sharing
Reply
@Mutiso, You are Welcome.
Reply
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