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ForecastCity_ME
Oct 19, 2020 9:57 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 (0.663). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 0.6575
TP2= @ 0.6545
TP3= @ 0.6510

SL: Break Above R2

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Comments
DenizKilicDeniz
keep up the amazing work!
ForecastCity_ME
@DenizKilicDeniz, Sure, Thank you for your kind words.
Mehmetozdemi
I share the same view with you. Good forecast.
ForecastCity_ME
@Mehmetozdemi, Thanks for your comment
Lizabet
I agree with every bits of your idea. :)
ForecastCity_ME
@Lizabet, Thanks for your comment. Great minds think alike ;)
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