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MEX_Exchange
22 nov 2017 05:54

NZDUSD once again testing major resistance, remain bearish Short

New Zealand Dollar/U.S. DollarFXCM

Descrizione

Sell below 0.6853. Stop loss at 0.6887. Take profit at 0.6781.
Reason for the trading strategy (technically):
Price has risen and is now testing major resistance at 0.6853 (Multiple Fibonacci retracement, overlap resistance, multiple Fibonacci extensions) and we expect to see a strong reaction off this level to push price down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 89% where we expect a corresponding reaction from.
Commenti
habiburrahman1
Wrong assessment. Price is increasing. According to your suggestion and analysis, the stop loss about to touch and wipe out clean.
abuchachi
is set for selling opportunity at 0.6887
1.AB=CD HARMONICS
2.BEARISH 5-0 PATTERN.
GOOD LUCK
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