ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor NZD/USD Long-Term Trend: Bearish
Key Resistance Levels: 0.6451, 0.6534, 0.6619
Key Support Levels: 0.6321, 0.6252, 0.6197
Daily Chart:
The price on the higher time frame has been in a downtrend for some time after facing rejection from around 0.70 level and has shown good momentum. Recently the pair did a pullback but faced rejection from below the 0.6592 level and turned around to the bearish side again.
NZD/USD Medium-Term Trend: Bearish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. The price was trading in a range and attempted to break to the upside but faced rejection from the 0.6534 level and reversed to break the level of 0.6451. As of now the pair has done a retest of that level and continuing the momentum.
Signal Idea:
Sell Stop Order @ 0.6392
TP 1 @ 0.6328
TP 2 @ 0.6260
Stop Loss @ 0.6458
Trade Safely 🙂
Just wondering, is it too late to jump into this trade?, if not, any ideas on how to re-enter?. I had to close my trades over the weekend.
Hi,
The pair is near our first TP and I’d not suggest an entry here. There’ll be many more trades not to worry.
Happy trading.
Got you, and thanks for the promt response.
Tp1 9328?
It was a typo, has been fixed now.
Thanks
TP1 should be 0.6328?
Hi, Yes apologies for the typo. It has been fixed now.
Thanks