NZDUSD Is On The Way Of Strong Down Trend
NZD is loosing strength over USD as the other currencies. There is a strong downtrend on 4H chart and now price is around near the important resistence.
Both 2 vertical line examples are overbough areas regarding to RSI and Stochastic. This strategy can mostly useful for this pair nowadays. Last red candle is confirmation for downside movement predictions.
Short Position
Stop Loss: 0,8490
Target: 0,84274
Both 2 vertical line examples are overbough areas regarding to RSI and Stochastic. This strategy can mostly useful for this pair nowadays. Last red candle is confirmation for downside movement predictions.
Short Position
Stop Loss: 0,8490
Target: 0,84274
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.
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.