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ForecastCity_ME
Aug 3, 2020 5:10 PM

Don't miss the great sell opportunity in NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6614). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.

Take Profits:
TP1= @ 0.6575
TP2= @ 0.6505
TP3= @ 0.6446
TP4= @ 0.6376
TP5= @ 0.6333

SL: Break Above R2

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Comments
Kamryn
Thank you so much.
ForecastCity_ME
@Kamryn, You're most welcome!
Josef_anderson
Many thanks for sharing this chart.
ForecastCity_ME
@Josef_anderson, It's our pleasure!
Kristalyn
looks good 🙏
ForecastCity_ME
@Kristalyn, It's our pleasure!
Sir_Ray
It's perfect 👍
ForecastCity_ME
@Sir_Ray, Thank you for sharing your feedback. 🍀
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