Is it time for NZDUSD to change the course of action??
Hi fellas,
As we can see NZDUSD pair has pushed right down and touched a major level of support. The same level has acted as both support and resistance on a number of occasion plus the RSI is also in oversold territory. From past we have seen the pair is more likely than not to react when reaches major level like this. I will be going long from here with a potential tp1 marked on the next resistance level and manage thereafter.
Trade safe and good luck.
Let me know your thoughts.
As we can see NZDUSD pair has pushed right down and touched a major level of support. The same level has acted as both support and resistance on a number of occasion plus the RSI is also in oversold territory. From past we have seen the pair is more likely than not to react when reaches major level like this. I will be going long from here with a potential tp1 marked on the next resistance level and manage thereafter.
Trade safe and good luck.
Let me know your thoughts.
Trade attivo
Reversed nicely. Just needs to see it through.Trade chiuso manualmente
Closed with 60 pips. Will re-enter again later.
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Declinazione di responsabilità
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.