ScottLewis512

NZDUSD ANALYSIS (FIB/TREND/CANDLESTICKS)

Short
ScottLewis512 Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Potential Double Top on the Kiwi-Dollar, coming up to touch the recent resistance, as well as the 61.8 Fibonacci Retracement Level. Looking for bearish movement to the next support level of the previous Bull Retracement, at 0.65400, potentially down to 0.64270.
Trade active:
First target at 0.65400 has been hit. Move Stop-Loss into profits to secure a risk free trade. Close half of your positions if twin trading.

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.