NZDUSD: Strong Resistance Ahead! Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ May 27, 2020 6:09 AM

NZDUSD is entering a key supply zone 0.62 - 0.626.

the zone is based on a horizontal 3 days, daily structure, and a rising resistance line of a triangle.

be prepared for the bearish reaction from the underlined area.

Comments

MichaelWood81

⋅ May 27, 2020 10:54 AM

Nice analysis my friend!!!

VasilyTrader

⋅ May 27, 2020 12:56 PM

@MichaelWood81, thank you!!!

TradingExpertFx

⋅ May 27, 2020 8:11 AM

i like your analysis!!!

VasilyTrader

⋅ May 27, 2020 8:27 AM

@DaniilSusanin, thanks 😊

ZahidHabib91

⋅ May 27, 2020 6:48 AM

Good idea bro!
Thank you for sharing:)

VasilyTrader

⋅ May 27, 2020 8:27 AM

@ZahidHabib91, thank you bro!!!

VasilyTrader

⋅ May 27, 2020 6:13 AM

Will the price respect this zone? what do you think?

DariusFxTrading

⋅ May 27, 2020 6:33 AM

@VasilyPonomarev, yes. we may go up a little bit before dropping

VasilyTrader

⋅ May 27, 2020 8:30 AM

@Darius17, thank you for comment my friend!

DariusFxTrading

⋅ May 27, 2020 6:33 AM

@VasilyPonomarev, thanks for sharing, great idea