💡Don't miss the great buy opportunity in NZDUSD
Updated
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5575).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 0.5627
TP2= @ 0.5673
TP3= @ 0.5727
TP4= @ 0.5764
TP5= @ 0.5805
SL= Break below S2
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". There is a possibility of temporary retracement to the suggested support line (0.5575).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 0.5627
TP2= @ 0.5673
TP3= @ 0.5727
TP4= @ 0.5764
TP5= @ 0.5805
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Trade active
638 pips profit...Total Profit: 638
Closed trade(s): 521 Profit
Open trade(s): 117 Profit
Update Details:
Closed Profit:
TP1 @ 0.5627 touched at 10.13.2022 with 60 Profit.
TP2 @ 0.5673 touched at 10.14.2022 with 105 Profit.
TP3 @ 0.5727 touched at 10.20.2022 with 160 Profit.
TP4 @ 0.5764 touched at 10.21.2022 with 196 Profit.
60+ 105+ 160 + 196= 521
Open Profit:
Profit for one trade is 0.5685(current price) - 0.5568(open price) = 117
1 trade(s) still open, therefore total profit for open trade(s) is 117x 1 = 117
All SLs moved to Break-even point.
Take Profit:
TP5= @ 0.5805
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