NZDUSD SHORTING OPPORTUNITY - ANALYSIS & TRADE IDEA
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On the Monthly, Weekly, and Daily is still bullish, though on the Daily EMA's just cut for short due to the retracement on Weekly, its forming an ICI to the downside. But overall we are still bullish on this pair.
4H is where we take our entry at the 0.50 of the fibonacci retracement that is also lining up with structure, take profit is at the impulse and stop loss is above the last high.
Trade Signal
SELL
Entry: 0.70866
Take Profit: 0.69479
Stop Loss: 0.71286
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
On the Monthly, Weekly, and Daily is still bullish, though on the Daily EMA's just cut for short due to the retracement on Weekly, its forming an ICI to the downside. But overall we are still bullish on this pair.
4H is where we take our entry at the 0.50 of the fibonacci retracement that is also lining up with structure, take profit is at the impulse and stop loss is above the last high.
Trade Signal
SELL
Entry: 0.70866
Take Profit: 0.69479
Stop Loss: 0.71286
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER