Daniel.Dalo
Short

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.
beautiful.....!
+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
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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.
Reply
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
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