NZDUSD - A Bearish Continuation Short

NZD/USDOANDA

Description

⋅ Mar 30, 2024 7:57 PM

NZDUSD pair is currently trading bearish with continuous LL and LH. Currently, it is at 0.382 retracement of bearish swing. No bullish divergence has been identified. Market may continue to go bearish on Monday opening. Possible sell entry given.

Trade closed: stop reached

⋅ Apr 18, 2024 3:02 PM

Comments

JoeChampion

⋅ Mar 31, 2024 6:49 AM

Stocks have turned bearish, i think NZDUSD should follow up due to the correlation!

AnalytixEdgeByQasim

⋅ Mar 31, 2024 3:19 PM

@JoeChampion, Agreed. Waiting to see how it would react to economic news as well.

TheFxAce

⋅ Mar 30, 2024 10:48 PM

Your clear points on potential downturns convince me to consider selling.

AnalytixEdgeByQasim

⋅ Mar 30, 2024 10:56 PM

@TheFxAce, Thanks a lot brother. But be advised this is not a financial advise. I am already on this trade. Hope it goes my way.