ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor NZD/USD Long-Term Trend: Bullish
Key Resistance Levels: 0.63356, 0.63816, 0.64113
Key Support Levels: 0.62895, 0.62203, 0.61682
4-Hour Chart:
The price on the higher time frame has been in an uptrend recently after it tested a support level of 0.61360 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.
NZD/USD Medium-Term Trend: Bullish
30-Minute Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.61682 and 0.62203 and has sustained above that. As of now the pair has broken and retested a minor level of 0.62895 before continuing the momentum.
Signal Idea:
Buy Stop Order @ 0.63066
TP @ 0.63332
Stop Loss @ 0.62800
Trade Safely 🙂
I smashed the S/L, thus costing me 19 pips and also saw the signal to cancel the trade.
This trade had SL of 26 pips and entry was never triggered. Please make sure to execute proper order type.