NZDUSD - Supply level ahead

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
142 5 3
Looking right now at the supply level between 0.82487 - 0.82523, as the departure from the level broke previous demand levels, so I'm looking to go short here with at least 2:1 target for profit, just at the most recent resistance level that now should become support.
+1 Reply
dionvuletich dionvuletich
might even be a harmonic pattern off that level as well... abcd etc 88.6? bat? you could prob get 2-2.5:1 to the first demand level around 0.8236
Daniel.Dalo dionvuletich
Thanks! I was thinking about a pattern, but only had a Bat with completion around a supply level above, so I left that for later. Well, now price has dropped a bit, hope it still is a good supply level.
i agree with you. even the rsi will get overbought
+1 Reply
Daniel.Dalo MinervaFX
Thank you mate! It seems like a nice place to sell, I already put a limit order because I know I won't be risking much, hope it goes well!

Best of luck for you
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out