Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.7052). if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 43.
Why’s everyone saying this was a great call. LITERALLY since it was posted it’s just been rising and rising.
ForecastCity
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@Mousie12, There is still a possibility of temporary retracement to suggested resistance line (0.7052).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
CapitalEquity_
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No. It went past ur stop loss and went to 0.71035. That’s next to ur R3 line. Everyone would of been stopped out. And money lost. So even if it retraces now. It makes no difference due to the money being lost. I played this trade as. A simulation instead of real cash. And it’s the same with allot of the signals on ur page
CapitalEquity_
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Given that the chart also specifically says intraday trade aswell lol
ForecastCity
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@Mousie12, please be notified that "We don't provide Signal Service."
And the provided "Forecasts" are different from the Signal Service.
Although, they all have an entry zone, Stop-loss, and Take Profit.
And are considered by traders in their analysis.
ForecastCity
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@Mousie12, This is a technical analysis and not an entry signal.
We wrote it on the chart "Sell on price rejection below 0.7052."
No Price Rejection has happened. So on what basis did you enter the trade? When there was no price rejection to the resistance line (0.7052)
panickyDingo23
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I sold on 0.70500 and since then it’s only gone up!! Hopefully it should start to go into a downtrend again soon
ForecastCity
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@panickyDingo23, Thanks for your feedback. We wish you all the best with your trades.📈
CapitalEquity_
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@panickyDingo23 look at the people commenting. They all have high reputation and zero published charts. I sense fake followers