NZDUSD Approaching Support, Prepare For A Bounce
Buy above 0.6624.
Stop loss at 0.6598.
Take profit at 0.6669.
Reason for the trading strategy (technically):
NZDUSD is approaching its support at 0.6624 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6669 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 2.4% where a corresponding bounce could occur.
Stop loss at 0.6598.
Take profit at 0.6669.
Reason for the trading strategy (technically):
NZDUSD is approaching its support at 0.6624 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6669 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 2.4% where a corresponding bounce could occur.
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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.