NZDUSD - Sell Stop on Break of 4-Hour Support
Analysis
A divergence has been identified, and a rising wedge pattern has formed. The price is currently testing the 4-hour resistance level and is moving towards the 4-hour support. If the price breaks the second support level, we will enter a position, anticipating a bearish trend.
Trade Plan
Entry: 0.61284
SL: 0.61503
TP1: 0.61065
TP2: 0.60846
A divergence has been identified, and a rising wedge pattern has formed. The price is currently testing the 4-hour resistance level and is moving towards the 4-hour support. If the price breaks the second support level, we will enter a position, anticipating a bearish trend.
Trade Plan
Entry: 0.61284
SL: 0.61503
TP1: 0.61065
TP2: 0.60846
Trade active
Trade activatedTrade closed: target reached
TP1 and TP2 hit
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.