ForecastCity

💡 Don't miss the great sell opportunity in NZDUSD

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7245). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 33.

Take Profits:
TP1= @ 0.7195
TP2= @ 0.7170
TP3= @ 0.7122
TP4= @ 0.7070
TP5= @ 0.7005

SL: Break Above R2

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Comments

Brilliant insight
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thank you for your comment.
Reply
Excellent charting 👌
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, We hope you enjoy it.
Reply
Well done Fantastic graph and comments. I've put in my trade Hope to hear again from you Thanks
+1 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, You're very welcome!
Reply
ForecastCity sara-kian-fx
@sara-kian-fx,  Thank you for your comment. We appreciate it
Reply
I got TP 1 and TP 2. Thank you so much. 💙
Reply