The NZDUSD pair is under the MA50 (4h) and about to complete a Head and Shoulders pattern.
A break under Support (1) would accelerate what is already a strong sell signal.
Trading Plan:
1. Use split lot. Sell half on the current market price and the rest if/ when the RSI hits its Resistance.
Targets:
1. 0.6100 (over Support 2).
Tips:
1. The MACD (4h) completed a bullish cross on the lowest level in the past month. This may delay the drop to Support (2) for a while but doesn't invalidate the pattern.
Please like, follow and comment!!
A break under Support (1) would accelerate what is already a strong sell signal.
Trading Plan:
1. Use split lot. Sell half on the current market price and the rest if/ when the RSI hits its Resistance.
Targets:
1. 0.6100 (over Support 2).
Tips:
1. The MACD (4h) completed a bullish cross on the lowest level in the past month. This may delay the drop to Support (2) for a while but doesn't invalidate the pattern.
Please like, follow and comment!!
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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 our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.