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ForecastCity_ME
Aug 7, 2020 3:38 PM

Don't miss the great sell opportunity in NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.664). 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 40.

Take Profits:
TP1= @ 0.6605
TP2= @ 0.6585
TP3= @ 0.6560
TP4= @ 0.6531
TP5= @ 0.6502

SL: Break Above R2

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Comments
Sir_Ray
This is great.
ForecastCity_ME
@Sir_Ray, Thank you! We appreciate your comment.🙏
Kristalyn
Amazing. Thanks
ForecastCity_ME
@Kristalyn, You are always welcome
goldsaran85
Thank u
ForecastCity_ME
@goldsaran85, You are always welcome
Pro_Trader_007
Well done Fantastic graph and comments.
ForecastCity_ME
@Pro_Trader_007, Thank you! We appreciate your comment.🙏
Kamryn
Thanks a lot for sharing
ForecastCity_ME
@Kamryn, You are always welcome
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