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ForecastCity_ME
Nov 12, 2020 9:46 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 (0.6865). 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 50.

Take Profits:
TP1= @ 0.6800
TP2= @ 0.6775
TP3= @ 0.6740

SL: Break Above R2

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Comments
Mehmetozdemi
Thanks for being accurate almost all the time.
ForecastCity_ME
@Mehmetozdemi, Thank you for your comment. We appreciate it.
sofi_Morphy
Great! Thanks a bunch
ForecastCity_ME
@sofi_Morphy, You're welcome! Thank you as well for your comment.
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