TradingView
jefftelos
Apr 11, 2021 4:48 AM

NZDUSD TRADE IDEA 3RD WEEK APR21 Short

New Zealand Dollar/U.S. DollarFXCM

Description

If price manage to break out of the lower uptrend line and close below fib level 61.8, look for sell stop for execution

If a short term correction bullish movement continues, look for sell opportunity near sell AOV with sell confirmation

RBNZ on Tuesday is likely to remain the keep the interest rate unchanged at 0.25%,

Look for sell opportunity for this pair

Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority

Comment

===CORRECTION===
RBNZ on Wednesday
More