16/10/2020 NZD Pullback possible but expect further down
Trend is down on daily, weekly and monthly. Based on yesterday's price action, expect further down.
Wait for 0.6610-18 for good level to go short, with stop above, or build up shorts leading to this level, target 0.6560, 0.6524. 0.65 should cap low of day. I will not go long on this, but if you do, 0.6638-44 should cap high of day.
Wait for 0.6610-18 for good level to go short, with stop above, or build up shorts leading to this level, target 0.6560, 0.6524. 0.65 should cap low of day. I will not go long on this, but if you do, 0.6638-44 should cap high of day.
Note
0.6610 hit to the dot and down 8 pips. Definitely a good setup for short entryNote
High given. Perfectly and boom!
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.