NZDUSD H4 SHORT PRICE ACTION FORECAST

3 lug 2020

Price action has been trading within a consolidation range, finding resistance a the top level from the channel at H4. This current level is also in confluence with a descending trendline from a bigger time frame, confirming the downward pressure suffer by the price, a short entry with the following setup is placed

The order:
Type: buy-stop
S/L: 49 pips - R:R | 1:2.5 -
T/P: aiming towards the support level.


--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***