Enjoy a free signal before the week gets started
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We have reached a major daily s/r area where market historically has had steep reversals
This would be a great opportunity to catch the trend reversal
Also we have 2 major monthly downtrend and uptrend lines colliding
Market has respected the...
Heres my analysis on NZDUSD before the week gets started.
enjoy a free signal.
trade at your own risk.
SELL
Symbol: NZDUSD
Entry: 0.6065 (Sell limit)
Best Entry: 0.6085 (Sell limit)
Stop Loss: 0.611 (-45 to -25 pips from B.E.)
Take Profit: 0.5995 (+70 to +90 pips from B.E.)
Take Profit 2: 0.5925 (+140 to +16 pips from B.E.)
FX:NZDUSD #NZDUSD we have recently observed a price break from the inheritance wedge formation. The break from this formation did not reach the price to the upper limit of 0.6624. Resistance determined by the upper limit of the inheritance channel. The price is now close to the level of 61.8% Fibonacci, and the support set by the horizontal line.
Long NZDUSD
I am looking for the 0.6974 level on NZDUSD to be blown out before Wednesday 10pm EST because by this time the market will decide to consolidate. This is not a crazy trade, the set take profit is just the cherry on top for this trade but the main objective is really at 0.6974
Looking to enter at 0.69249
Stop loss is at 0.68910
Take Profit is at ...
