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YourLazyTrader
Aug 31, 2020 5:06 AM

NZDUSD reaches multi-month resistance level. Short

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD has reached a strong resistance level. So, it is likely that there could be a little pullback towards 0.66 very soon.

Selling between 0.6726 to 0.6780 with SL above 0.6820 and TP at 0.65 could be a good trading plan.

Look for bearish price action in the resistance level and then sell. It will be a low risk sell trade.

Trade closed: target reached

Target reached
Comments
Gorge_patison
Great
Dave-FX-Hunter
This one starts to drop now. Im in. Good luck
InkyGrip
Love this kind of chart! upvote. 🔥
jojofang0901
Good analysis, thank you :)
Foysal_Habib
That's very good work. ...thanks for sharing
SaamanthaCostinpo
You have done a great work.
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