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Trading2ez
Nov 22, 2022 8:07 AM

NZD/USD likely to fall! Short

New Zealand Dollar/U.S. DollarFXCM

Description

Hey tradomaniacs,

looks like NZD/USD is re-testing a nice resistance-zone to short with the current correction.

Volume already looks pretty bearish tho as we see a-reversals with strong absorption of buyers.

Im still cautios and patient as the market just opened, but as soon as confirmed I`ll execute a short-position here.

What do you think?

Comment

Too choppy for any entry -

Looks good that way but market is so volatile that I`D even consider to stay out.

Comments
JoeChampion
Do you consider fundamentals too?
World_Open_Forex
I wouldn’t expect it to go any higher. It’s choppy but taking a sell looks probable.
UnknownUnicorn15614419
I can only wish you luck with this idea) I do not agree with most of the arguments, and the news on the asset is still cautious on the transactions.
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