NZD/USD - Short Position ... Daily - We have been in a downtrend for the past few weeks, we broke through a key level and then had a impulsive move to the upside and price has now just reached this key level,now acting as a resistance. ... 4 Hour - because we have just reached this resistance level,i will wait to see some price action before getting on this,MA cross-over looking very likely this would give me another confluence of a short position from this key level, Relative Strength Index (RSI) looks like it is going into the overbought section, giving another confluence of a short position (sell position). ... AUD/USD and NZD/USD,normally have a positive correlation with each other, this means when one pair goes down the other is following, and i have sent out analysis on AUD/USD, so please be careful when trading these pairs because you would be risking double you thought. ... Take-Profit (TP): TP1 - @0.61441, TP2 - @0.59495 Stop-loss (SL): SL - 0.66016
If you have any questions/enquries, just drop me a message in the comments !!
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.