Get started
PlutusX

NZDUSD Touching Resistance

Short
New Zealand Dollar / U.S. Dollar (FOREXCOM:NZDUSD)  
PlutusX  
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns extensionfibonacci breakout swingtrading swingtrade swingsetup
1
2
trendanalysis harmonicpatterns chartpattern extensionfibonacci breakout swingtrading swingtrade swingsetup
We are training at the 50% and structural resistance of the Monthly time frame. If and only if we treat this as resistance we will see a push towards our ultimate target which is a long entry. However, we could see a break and continuation towards the 61% fib + structure as the structure is more significant.

RR Short Term - 1:2.3

RR Long Term - 1:4.1

Related Ideas

PlutusX
NZDUSD Touching Resistance. Will it Respect or Break up?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.