NZDUSD Short Opportunity
Market has consolidated a little bit giving us obvious support and resistance to pay attention to.
First attempt to break the 3-touch trendline it was massively rejected, I am expecting another short term rejection possibly to the bottom support shown. This trade also lines up with the descending wedge spotted on the EURNZD, a temporary short term reversal.
Entry at .6800.
Stoplosses should be placed above the most recent high, the candle with a wick poking past the trend line.
Targeting the lower end of the same candle first, bottom support line 2nd.
Please keep in mind that medium term I am expecting NZDUSD to go higher, and then longer term towards the end of the year back down.
First attempt to break the 3-touch trendline it was massively rejected, I am expecting another short term rejection possibly to the bottom support shown. This trade also lines up with the descending wedge spotted on the EURNZD, a temporary short term reversal.
Entry at .6800.
Stoplosses should be placed above the most recent high, the candle with a wick poking past the trend line.
Targeting the lower end of the same candle first, bottom support line 2nd.
Please keep in mind that medium term I am expecting NZDUSD to go higher, and then longer term towards the end of the year back down.
İşlem kapandı: durdurma seviyesi
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.