Short opportunity on NZDUSD?
The past few weeks, the downtrend movement seems to be fading and the price trades in the ranging market (box). As for now, trend reversal might happen, but not yet confirmed. As for now, I am going to initiate a short position on NZDUSD giving the price trading near the resistance trend line (red line) my stop loss would be near the area of previous week high.
Feragatname
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