Nzdusd on daily timeframe
Hi, this is my opinion on NZDUSD. As you can see on chart , the trend is clearly bearish .
However, to minimize risk,it would be beneficial to observe the price behavior near 0/6000 level.
If the price only sweeps the liquidity and forms a doji candle, it presents a good opportunity to sell with a target around 0/5800, Another possibility is that the price retraces to 0/6120 (which is an important level in daily timeframe) and then continues its downward movement toward 0/5800.
However, to minimize risk,it would be beneficial to observe the price behavior near 0/6000 level.
If the price only sweeps the liquidity and forms a doji candle, it presents a good opportunity to sell with a target around 0/5800, Another possibility is that the price retraces to 0/6120 (which is an important level in daily timeframe) and then continues its downward movement toward 0/5800.
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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.