NZD/AUD 🇳🇿 🇦🇺 has been testing the Upward channel's Resistance. We can see the bullish signs from ROT and MACD and the Bearish Engulfing , so we can expect the slight decline and the bounce from the channel's midline area.
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NJ showing a perfect strucuture and approached a very strong resistance level. Expecting a reversal on this point. Sketch up your own trade setup and make sure you meet with the required...
Hey tradomaniacs,
welcome to another free signal!
Important: The point of risk-reduction is a strong support-level! Manage your risk there!
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Type: Swingtrade
Sell-Stop: 0.9568
Stop-Loss: 0.9609
Target 1: 0.95
Target 2: 0.9461
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Kiwi index is approaching its support at 6.8787(61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 6.9528 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding...
