Get started
AshirDanville

Price action hitting major resistance (no obstruction on rally)

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
AshirDanville  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
swing swingtrading Bearish Patterns Support and Resistance
3
0
swing swingtrading bearish supportandresistance
Price has been rallying the last couple of days to weeks, with no pockets of obstruction on the way up to the daily resistance zone. Which is a great indication that price action will work out with no drastic retracement. Straight into massive resistance on the daily timeframe. Daily support breach by red candle showing bearish strength, risk/reward is 1:10 (rounded to nearest 10)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.