TF: 4 HR
Looking to get into a possIble short on NZDUSD to the 1.68 level. Price is getting rejected near a liquidity zone followed by a test of the 0.382 retracement on the current 4 HR downside from .6110. Price is in bullish trend on the 4hr and 8 hr, but overall trend on the daily and weekly is strong downside. I am looking to start adding shorts around this level.
Current TP on chart is my first take profit. I think mid-term price could possibly sell it to lows over some time, and if the charts look bearish I may add to my position to sell and test the monthly lows. I do think if we test these levels price will continue to the upside (in 2 to 4 months). Both Ideas on are on the chart.
Looking to get into a possIble short on NZDUSD to the 1.68 level. Price is getting rejected near a liquidity zone followed by a test of the 0.382 retracement on the current 4 HR downside from .6110. Price is in bullish trend on the 4hr and 8 hr, but overall trend on the daily and weekly is strong downside. I am looking to start adding shorts around this level.
Current TP on chart is my first take profit. I think mid-term price could possibly sell it to lows over some time, and if the charts look bearish I may add to my position to sell and test the monthly lows. I do think if we test these levels price will continue to the upside (in 2 to 4 months). Both Ideas on are on the chart.
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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.