NZD/USD | Potential Downward Movement Short

NZD/USDOANDA

Description

⋅ Dec 2, 2020 12:21 PM

💡 Trade Idea

📈 Sell Limit NZD/USD @ 0.7057

🎯 Target Profit 0.6941

🛑 Stop Loss 0.7084

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description: The pair is trading within a bullish channel but reached a daily resistance. This resistance might be difficult and lead to a reversal especially, we have a double top posted near it. Lets see if the NZD/USD will drop to the 0.6941 level.

Comments

FXCM

⋅ Dec 3, 2020 8:05 AM

thanks for sharing! this is my view on NZDUSD:

CollegeofPips

⋅ Dec 3, 2020 10:45 AM

@FXCM, Great video thanks to you.

hensemselalu

⋅ Dec 2, 2020 9:39 PM

Seems its not downtrend yet to sell...
Ontheway hit Stop Loss 0.7084
Anyway good luck

CollegeofPips

⋅ Dec 3, 2020 10:46 AM

@hensemselalu, You are right but the trade idea is still valid. Lets see how it goes. Thanks for your comment.

InkyGrip

⋅ Dec 2, 2020 7:49 PM

great technical setup, well done! 🦐

CollegeofPips

⋅ Dec 3, 2020 10:46 AM

@plancton0618, Thanks

Joe_Damien

⋅ Dec 2, 2020 3:31 PM

Nice analysis ... thanks for sharing.

CollegeofPips

⋅ Dec 3, 2020 10:46 AM

@Joe_Damien, Most welcome

TheSignalyst

⋅ Dec 2, 2020 1:09 PM

same like my AUDUSD view!

CollegeofPips

⋅ Dec 3, 2020 10:46 AM

@TheSignalyst, Great lets see how it goes