NZDUSD: short it if... Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Mar 30, 2020 7:19 AM

Possible Short trade on #NZDUSD

We have to wait for the Elliot wave to be confirmed in point 5.
As 0.62 touched (that's Fibo 61% and a Strong Resistance) we can go short BUT let the price breaks the trendline first.
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Entry 0.62
SL 0.62575
TP 0.5905

Comments

transparent-fx

⋅ Mar 30, 2020 12:11 PM

I will follow NU as well with this MTA analysis