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NZDUSD Trade Idea

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NU is currently having some corrective behaviour within a wide range. In today's session, I will be favouring short-term selling opportunities due to the lower high sequence. There are two scenarios that I am looking at

1. Bearish rotation violating 0.7171 support zone, be aware that price could find 0.7218 resistance level as a rejection zone (Bearish)
2. If we begin noticing price showing bullish sign breaking above the 0.7240 resistance zone, I will be looking for possible break & re-test setup (Bullish)

However, do not forget the overall trend on the higher timeframe remains bullish.

Trade safe.

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Friday's (22th Jan) analysis

NZDUSD Trade Idea

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.